News can change the pace, but it usually doesn’t change the trend. The trend still depends on market structure.
Take this as an example: ETH has stronger near-term buying pressure, with Binance spot bids at $8.2185 million, $2.1736 million more than asks.
If the price pulls back to the range it was in before the news came out and holds, that’s when we’ll know the news had an effect.
$ETH (24h +0.62%).
#ETH
This is not investment advice. Trade at your own risk.
Take this as an example: ETH has stronger near-term buying pressure, with Binance spot bids at $8.2185 million, $2.1736 million more than asks.
If the price pulls back to the range it was in before the news came out and holds, that’s when we’ll know the news had an effect.
$ETH (24h +0.62%).
#ETH
This is not investment advice. Trade at your own risk.