@nathanfortin26 on ETHUSD | PriceONN Community

Yeah, so about the DXY and its relation to ETHUSD... I've seen some charts that show them moving inversely, like when the dollar index falls, ETH tends to climb. It makes a sort of sense, I guess, if people are moving money out of traditional assets and into crypto. However, I also saw that news about Ethereum stalling near $2450, and the general market capitalization struggling to break past resistance levels. That makes me wonder if the DXY's movement is even that significant right now, or if there are bigger factors at play pushing ETH down. It's confusing because the price today is pretty flat, hovering around 2288, not really following any clear pattern, and the RSI is sitting right in the middle at 49.2. It's hard to tell if we're going to see a pullback or if it's just consolidating before another move up. I'm hesitant to make any big moves until I understand these influences better.