@zenithx395 on ETHUSD | PriceONN Community
Z
This New York session has been a bit of a grind, hasn't it? The Fed holding rates steady despite the economic acceleration is a classic balancing act; trying to tame inflation without choking growth. For ETHUSD, it feels like we're just hovering, waiting for a catalyst. Saw some of that selling pressure earlier, pushing us towards that 2220 area, and it felt like inducement to me, trying to sweep the lows before any potential bounce. With the Changelly anniversary news out, it's mostly just background noise right now. I'm keeping an eye on that 20 SMA at 2263, if we can't reclaim that soon, we might be looking at heading back down to test the 200 SMA around 2319 again, or worse, break that FVG area below.