Future market Signals
Long $ETH — enter now while it’s moving sideways around $3,200
TP: $3,350
SL: $3,100
Maximum leverage: 10x
As the Asian trading session closes, total market capitalization has dropped nearly 3%, stabilizing around $3.07T.
The sharpest decline occurred during the 8 hours after the Fed’s interest rate announcement. Since then, selling pressure has mostly faded, with noticeably weaker volume. Because of that, ETH has still retained a gain of roughly $500 compared to last night, despite the heavy volatility ahead of the Fed’s rate decision.
ETH is holding up stronger than the rest of the market at around $3,200, moving sideways at this level for the past two hours. ETH is likely to tighten its trading range in the next few hours.
This should be a solid entry level after the market has absorbed major news. Hold your entry and wait for the next moves during the U.S. session tonight.
