Ethereum might be about to rise! From the chart, it may have already broken through the previous downtrend line, and it could potentially surge to 4500!
The current price is close to the previous high of 4380, and it might first retest the area near the trend line. At this point, considering a small position to go long could be an option. However, if it drops back into the previous downtrend, make sure to exit quickly and don't hold on stubbornly.
Powell is set to speak at 10 PM tonight, but I think the crypto market has already experienced a drop in advance. His negative news may not cause the market to fall significantly again, and it could even start to rebound after the negative sentiment is fully priced in.
So, I plan to place a long order at a low price, waiting to buy in at a lower price when the market panics and drops, aiming for a rebound. Recently, our operations have been quite smooth; yesterday we took profit on a long position near the trend line and then shorted from 4290 to 4210. All these operations are recorded. I hope we can make a profit this time too!
Taking advantage of the expectations of interest rate cuts, the next wave will seize the historic bottom, take the trend token! Expected 5-10 times!
