#FOMCMeeting it's 4 hours later My profit start my trade . | HK Traders Group on Binance Square

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#FOMCMeeting  it's 4 hours later My profit start my trade .wait and get rewarded crypto currency it's mind game guys 
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Ethereum bulls profit from lower #CPI Ethereum rose 9%, bringing its weekly gains to 50% after the BLS reported below-market US inflation in April. Headline CPI rose 0.2% monthly and 2.3% yearly, missing projections of 0.3% and 2.4%, its lowest since February 2021. Beyond volatile food and energy costs, core CPI rose 0.2% monthly, under predictions of 0.3%, and maintained constant at 2.8% yearly. The CME FedWatch Tool predicts the Fed will decrease rates by 25 basis points in September after poor inflation data boosted cryptocurrency prices. Trump said in a Tuesday Truth Social post that "the Fed must lower the rate like Europe and China have done." Ethereum recaptured $2,600 after the dismal April CPI report, continuing its strong week with purchasing pressure from crypto native investors and institutions. After borrowing 240 million USDT from Aave, digital asset investment fund Abraxas Capital withdrew 33,482 ETH from Binance in the previous 24 hours. Lookonchain reports the business acquired 211,030 ETH since Wednesday. Despite the purchasing pressure Ethereum's funding rates remain reasonably high and options are somewhat biased toward puts, "indicating that the breakout is not driven by speculative excess" said QCP analysts Ethereum outperformed Bitcoin last week following months of continuous fall in the ETH/BTC ratio. The ratio has risen 30% from 0.018 to 0.025 in the previous week, signaling rotation toward the leading cryptocurrency. According to Derive creator Nick Forster, investors are betting more on ETH, with bets on the top altcoin climbing over $2,800 and $3,000 by May growing from 1% to 17% and 0.5% to 9%, respectively in the last week. Coinglass data shows $126.21 million in Ethereum futures liquidations in 24 hours. Liquidated long and short positions total $27.44 million and $98.86 million. This exceeds Bitcoin's $46.67 million 24-hour liquidations After rebounding off a declining trendline at $2,400 #ETH has recaptured $2,544 and is challenging 200-day SMA resistance. Thus, the top altcoin is forming a bullish flag. $ETH #CryptoCPIWatch

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