$ETH midday Ethereum market analysis
Since the release of Friday’s Non-Farm Payrolls data, Ethereum has fallen sharply to 2430, and then began to stabilize. Currently, the market is still moving in a sideways upward phase.
Today, Canada has imposed additional 15%-50% tariffs on goods to the U.S., which has also continued to put pressure on the overall market. However, below 2460, there is strong capital support. The panic-driven selling pressure brought by the Non-Farm Payrolls data has largely been digested.
Many funds are still waiting for the release of this Friday’s August CPI data, but Fuxing remains bullish on Ethereum. Market sentiment is gradually recovering; visible selling pressure has clearly weakened. With the funds stepping in to “buy the dip” right after tonight’s U.S. stock market open, Ethereum is likely to stage a fairly strong rally.
Trading suggestion: you can go long at the current price. The first target is 2500. If it attempts a breakout with increased volume and successfully holds above the level, then look toward 2550!!
Fuxing continues to position in mainstream markets and strong altcoins. If you’re interested, welcome to visit the pinned chat room on the homepage to consult and learn.$BTC #加拿大拟对美商品加征15%至50%关税
Since the release of Friday’s Non-Farm Payrolls data, Ethereum has fallen sharply to 2430, and then began to stabilize. Currently, the market is still moving in a sideways upward phase.
Today, Canada has imposed additional 15%-50% tariffs on goods to the U.S., which has also continued to put pressure on the overall market. However, below 2460, there is strong capital support. The panic-driven selling pressure brought by the Non-Farm Payrolls data has largely been digested.
Many funds are still waiting for the release of this Friday’s August CPI data, but Fuxing remains bullish on Ethereum. Market sentiment is gradually recovering; visible selling pressure has clearly weakened. With the funds stepping in to “buy the dip” right after tonight’s U.S. stock market open, Ethereum is likely to stage a fairly strong rally.
Trading suggestion: you can go long at the current price. The first target is 2500. If it attempts a breakout with increased volume and successfully holds above the level, then look toward 2550!!
Fuxing continues to position in mainstream markets and strong altcoins. If you’re interested, welcome to visit the pinned chat room on the homepage to consult and learn.$BTC #加拿大拟对美商品加征15%至50%关税
