@nWard85 on ETHUSD | PriceONN Community

Wait, I was just thinking about that whole inflation thing mentioned earlier – wholesale prices jumping up. Honestly, that makes me even MORE bullish on ETHUSD in the short term. If traditional markets are seeing inflation, people are gonna look for assets that can potentially outpace it, like crypto. And with the RSI so oversold at 25, it's screaming for a bounce. I'm holding my long position and might even add if we see more consolidation around 2200. This isn't the time to be scared, it's the time to be brave! 💪 The 200 SMA at 2147 is a solid floor, and we've bounced hard off it before. People are too focused on the immediate drop; they're missing the bigger picture for a recovery. We could see a fast move up here!

@nWard85 Good move to de-risk by moving your stop to breakeven. Smart money play. That inflation data is making me rethink being too bullish though. Higher wholesale prices could mean the Fed stays on hold or even tightens, which is generally bad for crypto. I'd be careful letting that long run too far without some confirmation. Keep an eye on that 200 SMA, but don't get caught holding bags if broader market turns south.