Shorter time frames follow sentiment, while larger time frames follow trends. This news mainly affects the shorter time frames.
In this case, ETH has heavier selling pressure in the near term: sell orders on Binance perpetuals total $57.2415 million, $8.1848 million more than buy orders.
You can look back at how the market moved when similar events occurred in the past.
$ETH .

For discussion purposes only. Trade at your own risk.