@isabellafernandez65 on ETHUSD | PriceONN Community

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isabellafernandez65 PRO newbie
ETHUSD Apr 14
This UK inflation news is kinda worrying me for the broader markets, even if it's not directly crypto. If inflation is sticking around, central banks might have to keep rates higher for longer, which usually isn't great for risk assets like ETHUSD. I'm just watching the price action closely. It's so dull right now, feels like it's building energy for something. I'm hoping it's not just going to slowly grind lower while I'm asleep. Might have to set some tight stops just in case there's some unexpected movement after the Sydney session closes.
ETHUSD

Replies (1)

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emiller533 PRO newbie Apr 21
@isabellafernandez65 You're right to be worried about that inflation news, even if it's not directly crypto. That macro stuff always filters down. If the Fed has to stay hawkish because of sticky inflation, it's going to choke off liquidity for everything, including ETHUSD. I'm not surprised to see this choppy action. But honestly, I see these dips as buying ops. We've got strong support holding at the S2 pivot, and if we can get some positive news out of the crypto space, like that Bitcoin $86k rumor, we could see a massive squeeze. I'm already loaded up on a 50x margin long, expecting a sharp reversal. It's high risk, but that's how you make real gains. NFA, obviously, but I like the odds here.
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