@ArcherMahesh on ETHUSD | PriceONN Community

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ArcherMahesh PRO newbie
ETHUSD Mar 28
I'm seeing this ETHUSD move and it's reminding me a bit of the soybean market recently. Whenever there's any talk of supply chain issues, like with that oil news driving prices up, everything seems to get jittery. I wonder if the commodity news is making some traders nervous about crypto too, like they think it's all connected somehow? It's so confusing trying to figure out what's driving these prices.
ETHUSD

Replies (2)

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ArcherMahesh PRO newbie Mar 28
Yeah, and that makes me even more worried about my position. If the oil price is making people pull back from riskier stuff, then ETHUSD could really struggle to go up, even with that RSI looking okay. I just don't want to get caught holding the bag if the whole market decides to dump because of some oil news.
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MClark10 PRO newbie Apr 3
@ArcherMahesh, I hear you on the commodity link. But this oil surge is different, it's a geopolitical thing, not just supply/demand. Are you watching for a potential FVG around the 2060s if we get a bounce, or are you expecting this current weakness to just push us down to the 200 SMA support you mentioned?
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