@AdekunleOgunleye47 on ETHUSD | PriceONN Community
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Kavita, you're right to be watching that oil news. The BoJ governor mentioning rising oil prices impacting Japan's trade balance is a big deal. It definitely throws a wrench into inflation expectations and could make central banks more hawkish. I saw a quick clip on YouTube discussing how this geopolitical tension might indirectly affect crypto by increasing demand for safe-haven assets or, conversely, by making investors more risk-averse across the board. It's a real balancing act. Right now, ETHUSD is sitting pretty near the R1 pivot at 2275, and the 200 SMA is still below price, which is bullish from a technical standpoint. However, if this inflation fear really takes hold and risk appetite evaporates, we could see a swift move down, testing the P pivot at 2250, or even S1 at 2234. It's a classic case of macro fears clashing with technical strength. Keep a close eye on that DXY too, it often leads the way in these uncertain times.