$ETH Evening Ethereum Market Analysis!!!
Ethereum has continued to weaken recently, and the bullish structure has already been broken. On-chain funds have also continued to flow out in large amounts. The main reason for the decline is that Ethereum spot ETFs have seen net outflows of more than $400 million over nearly a week, with BlackRock leading the sell-off.
The most important thing to watch now is the Federal Reserve FOMC meeting in the early hours of the morning. This is an important announcement that will determine Ethereum’s direction from here. The main reason the bulls have been inactive is that they’re waiting for the data to be released. If the news is positive, it could sound the call for a bullish counterattack. $ACE
Personal suggestion: Ethereum still has no clear direction at the moment. You can wait until the data is released in the early hours before deciding whether to enter the market. $SOL
If you don’t have a clear plan yet and aren’t sure when to enter the market, come ask in the chat room. Get the specific trading strategy you’re looking for.
#BinanceLaunchesBinanceIntelligence #BTCFallsBelow$84K
Ethereum has continued to weaken recently, and the bullish structure has already been broken. On-chain funds have also continued to flow out in large amounts. The main reason for the decline is that Ethereum spot ETFs have seen net outflows of more than $400 million over nearly a week, with BlackRock leading the sell-off.
The most important thing to watch now is the Federal Reserve FOMC meeting in the early hours of the morning. This is an important announcement that will determine Ethereum’s direction from here. The main reason the bulls have been inactive is that they’re waiting for the data to be released. If the news is positive, it could sound the call for a bullish counterattack. $ACE
Personal suggestion: Ethereum still has no clear direction at the moment. You can wait until the data is released in the early hours before deciding whether to enter the market. $SOL
If you don’t have a clear plan yet and aren’t sure when to enter the market, come ask in the chat room. Get the specific trading strategy you’re looking for.
#BinanceLaunchesBinanceIntelligence #BTCFallsBelow$84K