🚀The current trend hasn't clearly emerged yet, but it makes sense to be bearish at this point!
1. From a technical analysis perspective, the K-line $ETH has shown a top divergence signal on the four-hour chart, indicating a downward trend. Considering the current international situation, if the situation in the Middle East worsens again, the likelihood of a decline will increase!
2. Tonight's Federal Reserve meeting might bring news of interest rate cuts, but the news has been leaked in advance, which may lead to a pullback to the 2450-2480 range. Once the rate cuts are confirmed, institutions will likely buy the dip, so a bearish trend is also valid!
3. From the low opening and declining trend of the US stock market yesterday, the market is waiting for some positive news to buy the dip. However, as soon as the positive news arrives, it can often lead to a negative reaction, so positioning short in advance is a good strategy!
