It's a bit unfortunate that yesterday's Ethereum strength did not continue
We are still nearly a hundred points away from the position I am optimistic about, but I still managed to take some short-term profit points
Long-term, Ethereum remains bullish, and there's no need for you to waver. So how should we operate with Ethereum today?
Currently, the situation with Ethereum is that institutional whales are buying in large quantities, waiting for the rise that will come with interest rate cuts. Therefore, spot holders can add positions on the dips.
The best situation for contracts is to enter long positions lightly below 4550, waiting for Ethereum to break and hold above 4600, at which point we can look towards 4800 to 5000.
However, there is a probability of a pullback at the end of the month, so those operating long-term must remember to take profits in time.
Also, if you want to operate long-term with #ETH , be sure to pay more attention to non-farm payroll data and Federal Reserve meetings. A confirmed interest rate cut will lead to a new round of rises.
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