A nice development for the markets: the US and China have reached a 90-day agreement.

Of course, unless Trump causes another imbalance 😂 A significant development regarding the US-China tension, which has been a dark cloud over the markets for a long time, has occurred. The two countries have agreed to a temporary 90-day agreement on tariffs.

What does this mean?

One of the biggest global risks has been shelved for now. Uncertainty has decreased, and the markets have taken a breath. Of course, this does not mean that everything is resolved. But at least it seems that both parties will continue to stay at the table. This is a glimmer of hope for the markets.

Looking at the $ETH side, it is currently making a pullback towards the trend line it broke, and this area is also the 2,500-2,600 resistance. If it jumps above the trend line in this area, the target would be the 2,900-3,000 range.

Wishing everyone great profits ✨

@GiveRep