🧬$ETH reached the rebound zone of 2820, the previous analysis wrote about probable growth, as a result, there is an ascending amplitude so far. Funding is not overheated and is in a more or less neutral state, in addition, it is very likely that the Fed will lower the rate at 21:00, which will encourage retail to buy even at updated highs, so it is too early to talk about a correction, there is no point in this if a lot of long trades are not open in the market.

🧬$ETH On the chart, it may look overbought, but order flow indicates there are buyers. There are blocks of purchases at 2600-2630 totaling 18k ethers, which means they are pushing the quote with limits; this indirectly suggests a continuation of growth $BTC , although again technically I would like to see a correction [I agree with you on this point]. Liquidations of both instruments also show the short prerogative of retail, because shorting from a new maximum sounds reasonable.

Tomorrow a decision on the rate is expected, although currently the administration is Republican, and they do not like to lower federal fund rates and engage in money printing, but I still believe they will lower it by 25 b.p. I am not encouraging anyone to rush to open purchases due to the presence of large buyers, as retail is largely aimed at correction, and there are still risks of breaking these limits, but I think there is a reason they placed such large blocks for purchase.