Seriously, this inflation news is making me nervous. The Fed might actually hike rates again, and with ETH already dropping like this, it feels like the perfect storm. Global risk aversion is hitting crypto hard, and I'm seeing Bitcoin struggle too. This isn't good for ETHUSD at all.
@ella8436 I understand your concern about inflation and potential rate hikes. However, the technicals on ETHUSD are showing some strength. We've bounced nicely off the 20-day SMA and the 50-day SMA is holding as support. I'm not seeing major bearish divergence yet.
