Post
legend88
ETH surged to $2,770 after payrolls, then quickly pulled back. Four key reasons:
1️⃣ Priced in early — “Buy the rumor, sell the news” triggered profit-taking.
2️⃣ $2,770 resistance — Multiple tests + weak volume made the breakout vulnerable.
3️⃣ Leverage flush — Short stop-losses were triggered before bulls took profits.
4️⃣ Macro uncertainty — Wages, yields and Fed expectations can offset strong headline jobs data.
#USNFPDataCools #BTCETHETFOutflows
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