That Fed rate cut on Thursday now seems inevitable. Even old Trump wants to jump on the bandwagon and give the market a shot of confidence. But just look at ETH right now—it’s stuck grinding back and forth in this 3180 to 3060 range, moving sideways to the point of boredom.
There’s still no movement on the PPI side, so the market’s just holding back, waiting for that move on Thursday.
Today’s Tuesday, and personally, I feel a bit bullish. You can keep an eye on the 3050, 3020, and 2990 levels—if there’s a chance, maybe try picking up some low positions. Don’t get greedy with your stop loss; giving it 15 to 20 points on the downside should be enough.
Of course, this is just my own take from watching the market and doesn’t count as professional advice. Everyone should make decisions based on their own positions and risk tolerance—no one can predict the market for sure.
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That Fed rate cut on Thursday now seems inevitable. Even old Trump wants to jump on the bandwagon and give the market a shot of confidence. But just look at ETH right now—it’s stuck grinding back and forth in this 3180 to 3060 range, moving sideways to the point of boredom.
There’s still no movement on the PPI side, so the market’s just holding back, waiting for that move on Thursday.
Today’s Tuesday, and personally, I feel a bit bullish. You can keep an eye on the 3050, 3020, and 2990 levels—if there’s a chance, maybe try picking up some low positions. Don’t get greedy with your stop loss; giving it 15 to 20 points on the downside should be enough.
Of course, this is just my own take from watching the market and doesn’t count as professional advice. Everyone should make decisions based on their own positions and risk tolerance—no one can predict the market for sure.