$ETH $BTC
Ethereum pulled back and held the 14 day moving average at $2.443, with the main support on the 4 hour chart at $2.382. Important tip for you guys: a move below $2.382, down toward $2.290, could be one of the last drops before the bull market begins. That all depends on the Fed’s decision on September 16th. If they raise interest rates by 25 basis points, we could see a drastic drop in the S&P 500, triggering a broader market sell-off that could last for 3 months.
So, given the current situation, don’t stay 100% exposed to the market, and always keep some cash on the sidelines for opportunities.
Ethereum pulled back and held the 14 day moving average at $2.443, with the main support on the 4 hour chart at $2.382. Important tip for you guys: a move below $2.382, down toward $2.290, could be one of the last drops before the bull market begins. That all depends on the Fed’s decision on September 16th. If they raise interest rates by 25 basis points, we could see a drastic drop in the S&P 500, triggering a broader market sell-off that could last for 3 months.
So, given the current situation, don’t stay 100% exposed to the market, and always keep some cash on the sidelines for opportunities.
