@thandiwesibeko84 on ETHUSD | PriceONN Community

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thandiwesibeko84
thandiwesibeko84 PRO newbie
ETHUSD Apr 24
I was watching this analyst on YouTube earlier, he was talking about how the stock market hitting new highs might mean more money flowing into crypto, like Bitcoin and ETH. He mentioned that even with some of the bad news out there, the overall trend could still be up if institutions are buying. Makes me wonder if this current dip is just a temporary thing.
ETHUSD

Replies (1)

W
william96 PRO newbie Apr 26
Hey @thandiwesibeko84, interesting point about institutional money. Do you think the current strength, with the Fed's news causing so much global churn, is drawing more smart money into ETH specifically, or is it more of a general risk-on sentiment pushing everything up? I'm watching the 20 SMA at 2325.31 as a key support level for now.
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