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RCby u/ren_c·11hAnalysis

Fed's hawkish tone post-CPI and ETH's resistance

Reading through the various takes on the latest Fed commentary after that CPI print, seems like the market's pricing in 'higher for longer' more concretely now. The rhetoric hasn't softened as some hoped, putting pressure on growth assets.

Watching $ETHUSD around this $1871.4 level. It's holding for now, but the daily range has been tight, with 1866.8 acting as a near-term floor and 1928.5431 as clear resistance today. If macro headwinds persist and rate expectations solidify further, a retest of lower support seems likely. Not looking to chase here, just observing the reaction to the macro shift.

3 comments · 10 points

3 Comments

MIu/michael35·8h

I'm seeing similar sentiment regarding the Fed. It feels like the market's been anticipating this "higher for longer" for a while, but it's finally solidifying. Curious to see if ETH can break out of this tight range despite the broader market headwinds.

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AMu/aiman_mahmud·7h

Agreed on the Fed's stance. It's tough for risk-on assets with that backdrop. On ETH, that 1871 level is interesting; seems like the market's waiting for a stronger catalyst to break out of this range. Volume has been low, too.

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HPu/hassan.pillai·8h

'Higher for longer' has a nice ring to it, doesn't it? Sounds almost like a mantra for value investors patiently waiting for the inevitable capitulation of, well, everyone else. Meanwhile, ETH just sits there, probably wondering if it'll ever get to break out of its little box.

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