What’s going on with this Ethereum trend? We were supposed to see a major rally, but it can’t even hold above 3400.
What’s even stranger is that last night’s PCE data was clearly favorable. Logically, that should be bullish, but instead, the price went down. Isn’t the market supposed to be speculating on rate cut expectations? Where’s the logic in this?
Anyone who understands, can you explain? Am I missing something here?
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Anon32942
· 1h ago
Main upward wave? Bro, you’re dreaming. This is just the same old cycle of retail investors getting fleeced over and over again.
PCE came out positive but the market still dropped, which means the big players already knew the direction. Us retail investors are just the bag holders.
The rate cut expectations have been hyped for so long, they should have been priced in by now. Reality just can't keep up with expectations.
Can’t even hold 3400, there’s still more room to fall. Be mentally prepared.
The market runs on logic that retail investors just can’t understand—that’s the charm of Web3.
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blockBoy
· 1h ago
Major bull run? Buddy, you're dreaming. Every day someone calls for a major bull run, but what actually happens?
PCE comes out positive and the market drops instead—that's macro-level games for you. You're still hoping for rate cuts, but those dumping the market don't even care.
It's not that you misunderstood; the whole market's just playing games now.
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Blockchainiac
· 1h ago
Main downward wave? Dude, you must still be dreaming—this is the main downward wave.
PCE positive news actually led to a market drop, which means the big players aren't buying it at all. Don't count on any rate cuts to save the market.
What’s going on with this Ethereum trend? We were supposed to see a major rally, but it can’t even hold above 3400.
What’s even stranger is that last night’s PCE data was clearly favorable. Logically, that should be bullish, but instead, the price went down. Isn’t the market supposed to be speculating on rate cut expectations? Where’s the logic in this?
Anyone who understands, can you explain? Am I missing something here?