ETH has been correcting for 8 days now..forming what is to me an obvious sideways correction
This crypto rally will continuing until the bank drama blows over and/or we get a week+ of consolidation on the charts.
A few days ago Jerome Powell suggested this last .25 rate hike may be the last one for a while.
With the next FOMC being 6 weeks away...I think we see several weeks of upside for assets including ETH.
I have been long ETH via perps from $1430
and have been adding to my position under $1800
$1950 is a solid profit taking level
Good Luck Everyone!
This crypto rally will continuing until the bank drama blows over and/or we get a week+ of consolidation on the charts.
A few days ago Jerome Powell suggested this last .25 rate hike may be the last one for a while.
With the next FOMC being 6 weeks away...I think we see several weeks of upside for assets including ETH.
I have been long ETH via perps from $1430
and have been adding to my position under $1800
$1950 is a solid profit taking level
Good Luck Everyone!
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