$ETH just lost $2,000 for the first time since August — and the flush wiped $249.8M of ETH longs hours before PPI decides the Fed's next move.
Source: crypto.news / Finnhub, 08:57 UTC. ETH $1,934, -5.66%, day low $1,895.95, while $BTC slid to $68,705. Nvidia's CEO exit rattled tech and ETH ETFs bled $144.8M for a 5th straight day.
I'm leaning bearish into the 13:30 UTC print: a hot reading (0.3%+) lifts half-point hike odds above 14.5%.
If $1,920 breaks, $1,833 is next. If it holds, the $2,000 reclaim is the first test. A daily close above $2,000 proves me wrong.
Hot print or cool — which side are you on at $1,920?
Not financial advice. DYOR.
#Ethereum #PPI #CryptoMarket
Source: crypto.news / Finnhub, 08:57 UTC. ETH $1,934, -5.66%, day low $1,895.95, while $BTC slid to $68,705. Nvidia's CEO exit rattled tech and ETH ETFs bled $144.8M for a 5th straight day.
I'm leaning bearish into the 13:30 UTC print: a hot reading (0.3%+) lifts half-point hike odds above 14.5%.
If $1,920 breaks, $1,833 is next. If it holds, the $2,000 reclaim is the first test. A daily close above $2,000 proves me wrong.
Hot print or cool — which side are you on at $1,920?
Not financial advice. DYOR.
#Ethereum #PPI #CryptoMarket
