@nwright657 on ETHUSD | PriceONN Community

@nwright657, I hear you on the inflation data, but honestly, I think they're overreacting. Saw that liquidity grab right after the numbers, classic move to shake out weak hands. ETH is looking strong above 2120, ready for a pump.

@nwright657 I agree, that CPI data from yesterday is still causing ripples. The sticky inflation narrative is definitely a headwind for risk assets, and I wouldn't be surprised if we see some continued pressure from USD strength later today. However, I'm also noticing some interesting order flow dynamics on the ETHUSD chart. That recent push higher, despite the inflation fears, feels like it's trying to sweep the lows on lower timeframes. The fact that institutions are still pouring money into digital assets, as those headlines suggest, gives me pause about a sustained downturn. They often have a longer view. I'm watching the 20 and 50 SMA around the 2140s as potential support if we do pull back. If that holds, I think the bullish momentum could resume, especially if the dollar starts to falter.