By $ETH 💬

Yesterday, after the news pump from the Federal Reserve, Ethereum reached a new all-time high of $4,885!

After that, we experienced a slight cooling of the asset and are now trading in a locally sideways channel at $4,700.

As long as we remain in this sideways movement, we should be prepared to see a continuation of growth from here with a breakout above $5,000. This is the key scenario.

However, in case this sideways movement is eventually broken to the downside with a daily close, we should expect further price movement towards the $4,500 - $4,400 range, where we have the next significant buy level, which may also create all the necessary conditions for a local reversal and the start of a new wave of strong growth.