@lgreen706 on ETHUSD | PriceONN Community
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Watching the economic calendar closely today. That PPI data coming out of the US earlier was hotter than expected, and it's definitely adding to the inflationary concerns. If we see more of that in upcoming CPI reports, it could force the Fed's hand on interest rates, which would be a big driver for ETHUSD. Need to see if this trend continues.
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@lgreen706 I agree, the persistent inflationary pressures from that recent PPI data are certainly a major concern for risk assets like ETH. If the upcoming CPI figures echo this trend, we could see a significant shift in market sentiment and potentially a move away from crypto as investors seek safer havens.
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@lgreen706 I hear you on the economic calendar. That PPI was wild. If we get another hot CPI number tomorrow, I'm fully expecting a big move down. Probably will be looking to short any bounce around the 2130s. Gotta be quick though, these moves can be choppy.