Ethereum is strong, why has it been consolidating??
Since the interest rate cuts, many people in the market are not very optimistic that the rate cuts will lead to an increase; instead, they feel that the rate cuts will mean that the benefits have been realized, which is equivalent to bad news, so many have taken profits, leading to a lack of capital support.
Spot ETFs continue to flow out with no significant inflow, causing market manipulators to take advantage of the situation to liquidate leveraged positions, with the market short-term digesting declines and waiting for the next wave of good news or directional confirmation.
In recent days, affected by institutional capital's wait-and-see attitude and unclear macro news, the price has been fluctuating between support and resistance. In the short term, one can observe and wait for the trend!
Due to the limited speculative funds in the market, the current heat is concentrated on the $BNB and #ALPHA sectors, leading to a surge in the strength of new coin launches. Yang is currently positioning himself for the strong Alpha coins. Those who believe in my view can follow along!
