ETH | A small rebound in a short period of time.
At yesterday's FOMC meeting, although the market expected to raise interest rates again by 75 points, the US stock market and the cryptocurrency market were hit hard again due to the reduction in the Q4 GDP year-on-year growth expectation and the increase in the unemployment rate at the end of the year.
ETH plummeted by 10% in 4h, and still exceeded 6% after the decline narrowed in 12h. ETH bounced off the $1,240 support. Look for ETH back around $1,350 for more trades.
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Good luck~☘
ETH plummeted by 10% in 4h, and still exceeded 6% after the decline narrowed in 12h. ETH bounced off the $1,240 support. Look for ETH back around $1,350 for more trades.
If you like and support our analysis, please give us a like and leave your comment. 😘
Good luck~☘
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.