$ETH meets expectations! Pay special attention to the remarks made at 2:30 by the speaker!
Actually, rate hikes being implemented might not necessarily be a bad thing. The 25% basis points have already been priced in by the market. Now that the bad news has been realized, and since Ethereum hasn't seen further uncontrolled plunging, it suggests there's still capital stepping in at the bottom.
Going forward, as long as the Federal Reserve doesn't continue to release unexpectedly hawkish signals, once sentiment recovers, Ethereum will most likely move into an oversold rebound rally.
For this long trade, first look at targets 2460-2480!
Actually, rate hikes being implemented might not necessarily be a bad thing. The 25% basis points have already been priced in by the market. Now that the bad news has been realized, and since Ethereum hasn't seen further uncontrolled plunging, it suggests there's still capital stepping in at the bottom.
Going forward, as long as the Federal Reserve doesn't continue to release unexpectedly hawkish signals, once sentiment recovers, Ethereum will most likely move into an oversold rebound rally.
For this long trade, first look at targets 2460-2480!
