ETH has now completed the third wave of decline on an hourly level, with a 4-hour pullback to the upper central support at 2530. The daily upward third wave is still ongoing, and only a break above yesterday's high of 2635 can be considered the start of an upward trend.
Currently, we will first look for a rebound on the hourly level after the pullback at 2530, and then wait for the 4-hour SKDJ golden cross to initiate a larger degree of rebound. The rebound on the daily level is expected to see the central upper range of 2700-2750, with support at 2530 below!
ETH current price 2530-2550 can take a small long position, stop loss at 2500, target above 2635!
Today, Trump will officially sign the Great Beautiful Act at 1 PM, temporarily resolving the debt crisis. The tech stocks in the US and tax cuts for the wealthy are also considered favorable. Let's see how the US stock market reacts next week!
Additionally, be wary of Trump's tariff attacks!
