Is Ethereum about to surge?
From the trend, it seems very likely to break out of the descending channel, with the next target aiming for 4500!
In the short term, as it approaches the previous high around 4380, there may be a pullback to the trend line, at which point we can tentatively go long. If it falls back into the channel, we will stop loss.
Tonight's speech by Powell brings uncertainty, but the crypto market has already experienced a downturn; negative news may not lead to a crash, and could instead lead to a rebound as the bad news is already priced in.
I plan to place a long order at a low position, waiting to pick up bargains during panic sell-offs!
I will continue to set up strategic orders! Rather than fumbling around by myself and missing out on the best entry and exit points leading to losses, it's better to follow my lead and come directly if you agree with it.
