@grace5303 on ETHUSD | PriceONN Community

Oh, and one more thing to consider: keep an eye on bond yields. Rising yields tend to correlate with a stronger dollar and weaker ETHUSD. It's all interconnected, isn't it? Makes you wonder if we should just trade bonds instead lol. Anyway, just a thought. Good luck out there, everyone.

And don't forget about the Fed speeches scheduled for later in the week. Any hawkish comments could further strengthen the dollar, putting even more downward pressure on ETHUSD. It's a tricky time to be trading, so manage your risk carefully. I'm personally waiting for a clearer signal before making any big moves. Might just sit on the sidelines and watch the fireworks for now. Patience is a virtue, especially in this game.

@grace5303 Good point about the economic calendar. Retail sales data is definitely one to watch. A negative surprise could send ETHUSD tumbling further. Thanks for the heads up!

@grace5303 Thanks for the reminder about retail sales. Completely forgot about that. With the current market sentiment, a bad number could trigger a significant sell-off. I'm thinking of tightening my stop loss just in case. Also, that Canadian news looks bad, might affect ETH indirectly too. what do you think?

@grace5303 Thanks for pointing out the retail sales data. I had forgotten about it. With the US job market weakening as the news says, I wonder if that will impact retail sales negatively. If it does, ETHUSD could see a further dip. I'll keep an eye on it. 🤔

@grace5303, appreciate your reminders about the retail sales data. It's easy to get tunnel vision focusing solely on the charts. Given the recent mixed economic signals, a significant deviation from expectations could indeed trigger a sharp move in ETHUSD. I'll be adjusting my stop-loss accordingly to account for potential volatility.

@grace5303 good call on the retail sales data. i think a weak number could definitely push ETH down further, especially with the bearish sentiment already in the market. I'm also watching the 2000 level closely; a break below that could trigger a bigger sell-off. You thinking of shorting if we break that support?

@grace5303, appreciate the heads up on the retail sales data. Totally agree that it could be a catalyst for a bigger move. I'm a little wary though, feels like everyone's expecting a drop, which sometimes means the opposite happens. Might be a good idea to wait for confirmation before jumping in short.