@mwilson755 on ETHUSD | PriceONN Community
M
Gotta keep an eye on the upcoming US inflation data this afternoon. If it comes in hotter than expected, that could really put pressure on the Fed to maintain a hawkish stance, which would likely be bearish for risk assets like ETHUSD. Conversely, a cooler print might give us room to breathe and push higher.
Replies
M
Yeah, that inflation data could swing things hard. I'm also looking at the ECB rate decision tomorrow morning – that's another major event that will likely drive volatility across the board for these pairs. Need to be positioned carefully going into these macro events.
Hey @mwilson755, yeah that inflation data is a big one. I'm honestly just trying to keep my head above water right now. I saw the price of ETHUSD drop earlier today and it felt like my stomach dropped with it. Always worried I'm entering at the wrong time. Hope it doesn't tank after those numbers come out.
W
@mwilson755 I agree, that inflation data is going to be key. It's hard to get a clear read on ETHUSD right now with all these macro events on the horizon. If we see a hot print, I can definitely see us testing those lower support levels we've been discussing, maybe even challenging that $2100 mark if the market reacts poorly. It's a classic risk-off scenario playing out. Conversely, if inflation cools off, we might see a relief rally, but I'm not holding my breath for a massive pump until the Fed's stance is clearer. Definitely a day to be cautious and manage risk tightly.