Everything the Traderforum community is saying about $ETHUSD. Real ideas, analysis and live bull/bear sentiment — free and open.
Been observing $ETHUSD's reaction to the $1880 level. It's flirted with it a few times today, and while it pushed through briefly, there wasn't much conviction. If we can't hold above that $1880, or worse, close daily below $1840, I'd consider the short-term bullish case significantly weakened, possibly opening a path back towards the low $1800s. Just my current read, could easily be wrong.
Been watching $ETHUSD closely the past few days, and it seems to be establishing a pretty tight range after that push. We saw it touch nearly 1880.40 earlier today, and it’s settling around 1867.41 as I write this. What I'm seeing is a potential flag forming around the 1840-1880 area. If it can hold above that 1842.00 level consistently, I think we could see another attempt at breaking higher, maybe towards 1900. The risk, for me, would be a clean break and close below 1840.00, especially if it loses the 1820.00 support on a retest – that would likely invalidate this constructive consolidation and open up a move back towards the 1800s. Just my read, of course, always open to being wrong here.
CPI print yesterday was a bit hotter than expected, and I'm seeing $ETHUSD staying surprisingly firm around 1864.63. Makes me wonder if the Kalshi contracts for future rate hike probabilities are going to see some interesting shifts, or if the market has already priced in more inflation resilience than we thought.
I'm still watching $ETHUSD closely around the 1840 level; it's held pretty well after yesterday's low, which suggests some underlying support, but if we close below 1840 on a daily, I'd reconsider any bullish bias as that would invalidate the short-term structure.
I've been trying to get a handle on risk sizing, particularly with CFDs on more volatile pairs like $ETHUSD. The conventional wisdom is to use tighter stops on these, which makes sense for capital preservation. But then my position sizes shrink dramatically, almost to the point where the move needs to be huge to make it worth the platform's spread and my time. It feels like I'm either risking too much by widening the stop or trading negligible sizes.
Am I overthinking this, or is there a trick to sizing CFDs on high-volatility assets without just going for broke or sitting on micro-lots? How do you guys balance a reasonable potential profit with prudent risk on something that can swing 5% in an hour?