The exchange rates of ETH and BTC are clearly breaking out now; it just needs a catalyst from the main players or institutions!
Although I didn't slam the table and shout to buy the dip when ETH dropped to 2100 like before, I must say now: breaking through 3200 USD for ETH is not a difficult task at all!
Why? The trend of the exchange rate is already there, just waiting for big funds to enter as the fuse!
Looking back at when it was 2100 USD, how many people were afraid to take action?
Now looking back, those who bought the dip early have already profited! Although I can't say 'time to act' now, but at this price level of 3200, both the technical and expected aspects support a breakout!
The key is the expectation of interest rate cuts! The market has already started to speculate on this expectation, and once the Federal Reserve sends a clear signal, funds will definitely flood into the crypto market. As the second in command, ETH has more elasticity than BTC; we must keep a close eye on this!
Now don't hesitate, start positioning in batches! Don't wait to chase after it breaks 3200; preemptive positioning is the way to go.
Remember: the breakout of the exchange rate is imminent, the expectation of interest rate cuts is the catalyst, and if the main players are inactive, we should take the initiative!
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Focus for the day: VIC M BONK ETH
