$ETH
ETH is trading around $2,595, after a slight rebound from the bottom of $2,500. The cash flow is slowing down, but the medium-term trend remains positive if this important support level is maintained.
Reference strategy:
Buy zone: around $2,500 – $2,550
Short-term take profit: $2,700 – $2,750
Cut loss if it breaks: $2,480
Risks to watch out for:
Macroeconomic news: CPI, US interest rates, could cause unexpected market volatility
BTC if it loses the $61k mark will put pressure on altcoins, ETH is no exception
RSI is high, a short adjustment phase is likely
Conclusion:
ETH still maintains a bullish structure, but one should be patient to find a reasonable price range, avoiding FOMO when buying pressure is not clear.
