@sSingh47 on ETHUSD | PriceONN Community

Hey @sSingh47, I hear you on the BTC correlation. It's been textbook. The hot CPI data yesterday definitely spooked the risk assets, and we're seeing that weakness bleed into ETH. My own analysis shows ETH is trading below its 50-day SMA, which is a bearish signal that often follows BTC's lead. I've adjusted my longs to smaller sizes, actually closed one tranche near 2140. The smart money exiting is a concern, and I'm not looking to add until we see a cleaner bounce or a clear breakdown. The fact that the RSI is hovering around 46 suggests a lack of conviction on either side, but the proximity to the 200 SMA on BTC, while ETH is struggling, does present a divergence I'm watching closely. Need to see a solid break above the P1 pivot at 2153.05 for any significant upside.