Warsh’s speech has already taken place, and the market’s initial reaction was hawkish, with BTC falling below $77,000 and ETH following lower. Therefore, today’s strategy can no longer be based on “waiting for direction before the speech.”
ETH is currently around $2,430–2,445, with a 24-hour low of approximately $2,418 and a high of approximately $2,520.
Latest conclusion
Short term: Bearish range trading, with selling rallies the priority; $2,400 is key support.
However, I do not recommend chasing shorts here, because there is relatively strong support around $2,400, and ETH ETFs had recorded
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