The expected “rate-hike” thesis has eased, but the price is still swinging
The current price is around 2686. Today’s high touched 2769, and the low dipped to about 2650.
People are talking about the probability of a Federal Reserve rate hike in October falling to around 17%, and risk appetite has picked up a bit. But even so, Ethereum (or the ETH market) at the highs still can’t stand firmly.
Two reasons: First, rate-hike expectations are being revised downward, and the broader market bias hasn’t turned bearish. Second, the current price is only a little away from the 2650–2665 range I’m waiting for; the invalidation level at 2630 hasn’t been broken yet (the lows from the past two days are still above 2650).
I’ll wait for 2650–2665 to hold before taking a light position. First target is 2740, then watch 2780. If it breaks below 2630, I’ll exit this round. Personal view—manage your own position risk.
#美联储10月加息概率降至17% $ETH
The current price is around 2686. Today’s high touched 2769, and the low dipped to about 2650.
People are talking about the probability of a Federal Reserve rate hike in October falling to around 17%, and risk appetite has picked up a bit. But even so, Ethereum (or the ETH market) at the highs still can’t stand firmly.
Two reasons: First, rate-hike expectations are being revised downward, and the broader market bias hasn’t turned bearish. Second, the current price is only a little away from the 2650–2665 range I’m waiting for; the invalidation level at 2630 hasn’t been broken yet (the lows from the past two days are still above 2650).
I’ll wait for 2650–2665 to hold before taking a light position. First target is 2740, then watch 2780. If it breaks below 2630, I’ll exit this round. Personal view—manage your own position risk.
#美联储10月加息概率降至17% $ETH