$ETH Preliminary midterm election results lean toward the Democrats?
With the release of the preliminary midterm vote count, the Democrats are temporarily holding a significant lead. However, these are only preliminary counts, not the final results. The outcome in the western swing states is still undecided, and what happens next remains uncertain. This uncertainty has also put some downward pressure on Ethereum. If the Republicans lose, Tesla and spcx could both see a sharp drop, and Trump will face obstacles at every turn, making it impossible to push forward with crypto-friendly policies. This would also be bearish for the market.
Looking at the charts, Ethereum climbed from 2,236 to a high of 2,308. Ethereum had already rebounded earlier, but started pulling back as the results came in. On the hourly chart, Ethereum has been in a steady downtrend, and ETF outflows have continued. There is still strong selling pressure around 2,310. Ethereum needs to see whether it can hold above 2,235; if it breaks below that level, you could go short in the direction of the move, with a target of 2,225.
【The views above are for personal reference only and do not constitute investment advice】
#AnthropicIPO遭投资者压价，估值盼降至1.5万亿美元 $BTC
With the release of the preliminary midterm vote count, the Democrats are temporarily holding a significant lead. However, these are only preliminary counts, not the final results. The outcome in the western swing states is still undecided, and what happens next remains uncertain. This uncertainty has also put some downward pressure on Ethereum. If the Republicans lose, Tesla and spcx could both see a sharp drop, and Trump will face obstacles at every turn, making it impossible to push forward with crypto-friendly policies. This would also be bearish for the market.
Looking at the charts, Ethereum climbed from 2,236 to a high of 2,308. Ethereum had already rebounded earlier, but started pulling back as the results came in. On the hourly chart, Ethereum has been in a steady downtrend, and ETF outflows have continued. There is still strong selling pressure around 2,310. Ethereum needs to see whether it can hold above 2,235; if it breaks below that level, you could go short in the direction of the move, with a target of 2,225.
【The views above are for personal reference only and do not constitute investment advice】
#AnthropicIPO遭投资者压价，估值盼降至1.5万亿美元 $BTC
