10.28
The Fed decision is due tonight. The dollar is relatively strong, ETH ETF outflows continue, and Houthi attacks on a Saudi refinery are adding geopolitical uncertainty. The market could suddenly pick up speed.
ETH: Short near 2350; targets at 2325 and 2300.
To go long, wait for 2300 to stabilize before entering. Risk level: 228; targets: 235 and 236.
On the 1-hour chart, price fell from 2527 to 2281, rebounded to 2355, then moved sideways. Short-term moving averages are turning up, but the broader trend remains weak. The 2355–2365 range is resistance; only if price holds above it can we look toward 240.
For more analysis, see the strategy group: #ETH
The Fed decision is due tonight. The dollar is relatively strong, ETH ETF outflows continue, and Houthi attacks on a Saudi refinery are adding geopolitical uncertainty. The market could suddenly pick up speed.
ETH: Short near 2350; targets at 2325 and 2300.
To go long, wait for 2300 to stabilize before entering. Risk level: 228; targets: 235 and 236.
On the 1-hour chart, price fell from 2527 to 2281, rebounded to 2355, then moved sideways. Short-term moving averages are turning up, but the broader trend remains weak. The 2355–2365 range is resistance; only if price holds above it can we look toward 240.
For more analysis, see the strategy group: #ETH
