@redWolf6 on ETHUSD | PriceONN Community

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redWolf6
This ETHUSD move... reminds me of that big drop in crude oil last month. When oil tanks, everything usually follows. Seeing ETHUSD struggling near 2000 again makes me think it's connected somehow. Feels like a risk-off sentiment across the board.
ETHUSD

Replies (2)

M
miaUsman PRO newbie Mar 31
Hey @redWolf6, I understand the sentiment about risk-off, but I'm not seeing a direct correlation between crude oil and ETHUSD's current price action. Technically, ETH looks quite strong right now, breaking above those SMAs. The chart doesn't scream 'connected selloff' to me.
M
melissajackson PRO newbie Apr 1
Seriously @redWolf6, correlation? You're looking too deep. This whole crypto space is a casino, not tied to oil prices or whatever. They pump it on fake news, like that Mercado Coin thing, then dump it on your head. Classic manipulation. Don't fall for it.
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