@salman7632 on ETHUSD | PriceONN Community
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I'm trying to keep an eye on the economic calendar for ETHUSD because it's the US session, right? There's a lot of stuff coming out today, like the Producer Price Index (PPI) and then later the FOMC meeting minutes. I heard those meeting minutes can really cause big swings in crypto. I'm really hoping nothing bad comes out that makes ETHUSD drop hard. I can't afford another big loss right now. I'm still trying to recover from that last dip. So yeah, I'll be glued to the news releases.
Replies
Salman, good call on watching the economic calendar. Those FOMC minutes are always a wild card, and you never know when they'll drop some statement that shakes things up. Right now, volume is pretty subdued for the US session, doesn't feel like it's really confirming this dip below the 50 SMA. We need to see some conviction.
I'm keeping an eye on that 2300 level too, it's acting like a pretty solid floor on the hourly charts. If we can hold here and see buyers step in, might be a decent swing entry.
I'm keeping an eye on that 2300 level too, it's acting like a pretty solid floor on the hourly charts. If we can hold here and see buyers step in, might be a decent swing entry.