ETH 2720. This wave of上涨—I predicted this for everyone earlier too.
If the decision came out as positive news, ETH would have bounced faster than BTC.
But the decision was actually an interest rate hike, and yet the price still didn’t fall.
When the negative news was already expected, it was priced in,
and that 2465 level never even got broken once.
With the bulls pushing hard as well, it squeezed higher all the way; the shorts were forced to cover.
On September 11, that 2648 high was directly broken through, and the price surged up to 2804.
On a macro level it’s the same as BTC: oil prices fell, easing inflation concerns, and U.S. Treasury yields pulled back. The market also absorbed the Fed’s first rate hike in more than three years.
To the brothers who went long—are you still holding it? #ETH $ETH
If the decision came out as positive news, ETH would have bounced faster than BTC.
But the decision was actually an interest rate hike, and yet the price still didn’t fall.
When the negative news was already expected, it was priced in,
and that 2465 level never even got broken once.
With the bulls pushing hard as well, it squeezed higher all the way; the shorts were forced to cover.
On September 11, that 2648 high was directly broken through, and the price surged up to 2804.
On a macro level it’s the same as BTC: oil prices fell, easing inflation concerns, and U.S. Treasury yields pulled back. The market also absorbed the Fed’s first rate hike in more than three years.
To the brothers who went long—are you still holding it? #ETH $ETH
