#PowellRemarks ETH hits resistance area 1650 – is the short opportunity approaching?

After a slight rebound from the bottom 1385, ETH/USDT is nearing the technical resistance zone around 1650 – coinciding with the MA20 line in the Bollinger Bands. If buying pressure is not strong enough to break through, this could be the ideal time to enter a short position in line with the main downtrend.

👀 Don't forget to closely monitor the latest statements from Jerome Powell, as any signals from the Fed could cause significant volatility in the crypto market!

💥 Plan:

Short entry: 1650

Stop loss: Above 1700

Take profit: Area 1450