The breakout of the zone at $3250 looks good; if we don't fall away from this zone, there are chances for further movement. One thing is worrying - the financial results tomorrow.
ETHUSDT
Perp
2,922.36
-1.11%
✅Last week I missed the post about the DCA portfolio, and this week I am consolidating transactions for 2 weeks; in principle, prices have not changed and are at the same level.
🪙Bitcoin continues to trade sideways in the range of 85-95K.
🔷Ethereum is trading around 3000.
🔍 The support for BTC prices is the April low zone of 75-85K.
And for ETH - 2500-2600.
⛓️ The demand from ETF funds has not recovered and is at zero due to reduced liquidity, which is partly related to the increase in the key interest rate of the Bank of Japan, which in turn led to the closure of carry trades.
🌐But there are many positive moments in the market that are not yet reflected in the price.
💡The restructuring of the probability of a rate cut by the US Federal Reserve in December gives hope for a recovery in risk-on in the market. This will also be supported by the end of the QT cycle and the beginning of the reduction of the TGA balance.
In the current situation, the market needs a trigger to restore demand.
📊 Onchain metrics are still in bullish territory.
💰 I am buying more Bitcoin and Ethereum for 140$ over 2 weeks as part of the DCA portfolio. #BTC @Ethereum
🪙Bitcoin continues to trade sideways in the range of 85-95K.
🔷Ethereum is trading around 3000.
🔍 The support for BTC prices is the April low zone of 75-85K.
And for ETH - 2500-2600.
⛓️ The demand from ETF funds has not recovered and is at zero due to reduced liquidity, which is partly related to the increase in the key interest rate of the Bank of Japan, which in turn led to the closure of carry trades.
🌐But there are many positive moments in the market that are not yet reflected in the price.
💡The restructuring of the probability of a rate cut by the US Federal Reserve in December gives hope for a recovery in risk-on in the market. This will also be supported by the end of the QT cycle and the beginning of the reduction of the TGA balance.
In the current situation, the market needs a trigger to restore demand.
📊 Onchain metrics are still in bullish territory.
💰 I am buying more Bitcoin and Ethereum for 140$ over 2 weeks as part of the DCA portfolio. #BTC @Ethereum
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