ETH has touched the resistance trendline four times, resulting in a *breakout*.
Now all eyes are on the current zone — if it *retests* successfully and forms a *green candle*, a *LONG position* can be taken. But if it fails, expect a *downward move*.
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Breaking — Cryptocurrency Update 🇺🇸 The Federal Reserve has called an emergency meeting at 2 PM EST to address liquidity issues and discuss potential cash injections. This is a big bullish sign for crypto — $BTC , $ETH, and $BNB could explode at any moment. Be ready, #cryptarmacy $BTC
According to this chart, BTC can drop to a maximum of 50k... 50k will serve as historical support but for BTC to reach 50k, many whales need to be flushed out, which is a bit difficult for now. Like BlackRock, MicroStrategy Their average breakeven is around 75-80k.. Now you think for yourself... In the bury case, 50k seems impossible for now.