$ETH Trend reversal starting???
Ethereum continued to fall last night, but began to rebound after touching 2405. Is this rebound a reversal in the market, or just a normal bounce after a prolonged decline? Ethereum slid steadily from 2700, in a clear one-way downtrend. Its rapid rebound after falling to 2405 suggests there was buying support at that level, with 2400 firmly defended. Short-term selling pressure has eased, and Ethereum is now continuing to edge steadily higher. There has also been a clear inflow of funds. If Ethereum manages to hold above 2500, the market may well have reversed. Brother Jie is still fairly bullish on long positions today. $US
Personal suggestion: Enter a long position around the current price of 2502. Set the first target at 2540 and the stop-loss at 2475. $MET
Posts in the Square may be delayed. If you’re still unsure which way the market is headed, come ask in the chatroom. I’ll share the specific trading strategy with you!!
#EthereumSurpasses$2500 #FedMinutesFocusOnOctoberPause
Ethereum continued to fall last night, but began to rebound after touching 2405. Is this rebound a reversal in the market, or just a normal bounce after a prolonged decline? Ethereum slid steadily from 2700, in a clear one-way downtrend. Its rapid rebound after falling to 2405 suggests there was buying support at that level, with 2400 firmly defended. Short-term selling pressure has eased, and Ethereum is now continuing to edge steadily higher. There has also been a clear inflow of funds. If Ethereum manages to hold above 2500, the market may well have reversed. Brother Jie is still fairly bullish on long positions today. $US
Personal suggestion: Enter a long position around the current price of 2502. Set the first target at 2540 and the stop-loss at 2475. $MET
Posts in the Square may be delayed. If you’re still unsure which way the market is headed, come ask in the chatroom. I’ll share the specific trading strategy with you!!
#EthereumSurpasses$2500 #FedMinutesFocusOnOctoberPause