$ETH
Recent news indicates that interest rate cuts may be postponed until next year. Once this news broke, most people probably went into a frenzy. They clearly promised a rate cut, and now they are not going to do it; what is going on?
However, this is also good news for us, as it means the overall market sentiment is bearish, which perfectly aligns with the recent downward trend.
So for the current Ethereum, the overall trend is set; what remains is to continue monitoring the resistance levels at 2568 and 2610 and continue shorting. Those who are anxious can leave some for averaging down and go in directly, targeting the daily support around 2.3.
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