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Mahrosh Fatima
Don’t rush to bottom-fish. ETH’s drop from $2,600 back to $2,500 looks less like a retracement and more like a sucker punch.
On Sept. 11, CPI came in largely as expected, yet ETH exploded 6.5% in an hour—from $2,437 to $2,667—reclaiming $2,600 after seven months.
The move wiped out over $750M in crypto liquidations, including a massive $297M in ETH shorts. Shorts got crushed—but the reversal shows why chasing the spike can be dangerous.
$ETH $BTC
#FOMCRateCallThisWeek
#AIAnxietyHitsChipStocks
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