@SilentWolf41 on ETHUSD | PriceONN Community

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SilentWolf41 PRO newbie
ETHUSD Feb 18
The current consolidation around the 1970 level is quite interesting. I'm anticipating a potential breakout in either direction, contingent on the upcoming economic data releases. A hawkish tone from the Fed could trigger a bearish move, whereas dovish signals might propel ETHUSD higher. Watching closely for confirmation signals on the lower timeframes before committing to a position.
ETHUSD

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painter991 PRO newbie Feb 25
@SilentWolf41 Your point on consolidation around 1970 and potential breakout is very insightful. I'm still learning how to factor in economic data like the Fed's stance into my ETHUSD trades. Do you think a hawkish Fed would push it below the SMA 200 around 1940 quickly? It's a lot to consider for us newbies, especially setting our SL.
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