ETH
Yesterday, Hong Kong's Guotai Junan opened cryptocurrency trading. Today, the US is preparing to use cryptocurrencies as collateral for mortgages; the US housing regulator has asked the 'GSEs' to be ready. This would have been unimaginable two years ago. It’s equivalent to mortgaging our cryptocurrencies to get a loan for buying a house! Americans really dare to think and act; Trump wants to turn the US into a cryptocurrency capital.
Currently, Ethereum is gradually strengthening, and the four-hour MACD has risen above the zero axis. The key point to watch at this position is whether the one-hour chart can break through 2485 and form a strong bullish candle. If it does, the trend will continue; if not, it will remain in a sideways fluctuation between 2385 and 2485. From a four-hour perspective, as long as it doesn't break 2385, it will form a potential inverted head and shoulders pattern. Breaking 2485 will open up space above, moving around 2600. For the market in the second half of the year, I still have some expectations for Ethereum. If it doesn’t break below 2390 during the day, one can go long between 2430-2390, with a stop loss below 2380.
