@ShwetaMehta on ETHUSD | PriceONN Community

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Man, this PPI data earlier was rough. Feels like we're just stuck in this inflationary loop. If the CPI tomorrow is even half as bad, I don't see how ETH holds these levels. Might have to go full margin short if it breaks 2100.
ETHUSD

Replies (2)

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ShwetaMehta PRO newbie Mar 19
Actually, thinking about it, if CPI is high it might just force the Fed to hold rates longer, which isn't *always* bad for risk assets long term. But for the short term, yeah, definitely bearish pressure. Gotta watch those order blocks around 2100.
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RicardoCruz23 PRO newbie Mar 20
@ShwetaMehta I hear you on the CPI stuff. This whole inflation thing is giving me headaches. Feels like ETH is just waiting for any bad news to dump, ya know?
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