@msmith269 on ETHUSD | PriceONN Community
Man, this ETHUSD action is wild. I'm seeing the 20 SMA crossed below the 50 SMA on the H4, which usually screams short, but then the RSI is sitting at 44, not exactly oversold. Anyone else looking at the economic calendar for tomorrow? There's that CPI data coming out, and that could really shake things up. Gotta be ready for anything.
Replies
Yeah, I was just thinking about that CPI data too. It's such a huge event for crypto, and honestly, it's the only thing I'm really looking at for a potential catalyst. If it comes in hotter than expected, we could see ETHUSD absolutely rip upwards, maybe even past those pivot resistance levels near 2318. I'm tempted to go full margin long if that happens, just to catch that initial momentum. But if it's a miss or shows inflation cooling, it's probably going to tank hard, maybe even break that S2 pivot at 2290. Right now, I'm just holding off, watching the tape. The leverage is tempting but the risk is insane if the news isn't what I expect.