@prashant7242 on ETHUSD | PriceONN Community
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OMG, this news about the Fed not cutting rates this year is really hitting ETHUSD hard, isn't it? I thought we might see some recovery, but now it feels like everything's going to stay down. I'm really worried about my position right now. This drop to 2119 is scary!
Replies
Hey @prashant7242, I hear you man. This whole Fed rate cut situation is creating so much uncertainty, and ETHUSD is definitely feeling the pain. Seeing it dip below S2 like that is never a good sign, and the RSI on the 1h is screaming 'bear trap' but the momentum just keeps pushing. I'm also watching my positions very closely. The news about geopolitical turmoil and oil surges is likely adding to the risk-off sentiment, making traders dump assets like ETHUSD. It's a tough market when everything seems to be correlated with negative headlines. I'd say it's wise to be cautious right now. Maybe consider tightening stops if you're still in a long, or looking for short opportunities if you're bearish. This is not the time to be overly aggressive.