@ecook447 on ETHUSD | PriceONN Community
Wow, just saw that wholesale prices jumped way more than expected in Feb. That's got to be putting some pressure on the Fed's inflation targets, right? Makes me think they might be more cautious with rate cuts, which could be a drag on crypto like ETHUSD. I'm still holding my ETH longs though, I think the tech upgrades are a bigger driver long-term. This dip might just be a buying opportunity.
Replies
Thinking more about that inflation data. While it's definitely a concern, I'm also seeing a lot of positive movement in the crypto space, especially with the push for DeFi education in universities. That kind of mainstream adoption is huge. Plus, the SEC is even considering exemptions. I feel like the underlying bullish narrative for ETHUSD is still strong, and any dip is just noise before the next leg up.
F
Hi @ecook447, that inflation data is definitely a worry. I saw that too. If the Fed has to keep rates higher for longer because of it, that would make me nervous about ETHUSD's prospects short-term. I'm also not entirely sure how to interpret the news about the rate cuts in 2026; it sounds like they're really tightening up. I'll be watching closely to see if this impacts crypto much.
K
Yeah @ecook447, that inflation data is definitely making me a bit uneasy about ETHUSD right now. I've already moved my stop loss to breakeven on my long position. Better to be safe than sorry if we get another rate hike scare. Just wanna lock in no loss if it reverses.
M
Yo @ecook447, saw your post about the inflation data. Yeah, it's a bit of a buzzkill for sure, but honestly, I'm not too worried about it for ETHUSD right now. Look at this chart, we've got a massive FVG forming down at 2050, and the RSI is screaming oversold at 33. That big institutions pouring money into crypto news is still floating around too. Feels like a perfect spot for a squeeze, especially with how much liquidity is sitting just below that 2050 level. I reckon we're gonna see a sharp move up soon, might even blow past R1 at 2083. These retail stops are just waiting to get cleared.