$ETH watching closely from three days , on fed cuts rates meeting day market about was going below trend line to 1,5k area , I think new sellers trap there to flush out (picture 1)
Picture 2 is maybe Consolidate 2k area for while waiting for good news will market goes up to completely flush out old sellers but if something bad news will come , we will reject there to go down 1,5 k area ..
Good news means fed gotta inject money into market and as well institutional investors and trade wars gotta cool off somehow
Conclusion:- good for spot traders to accumulate to more at down point of eth and I don’t see this whole price recover in alts barely recovered +2% ..
I’m giving education to people not fudding around here , and I’m just like u here ..
Let’s see 🫡