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🚨 It was said this afternoon that the 1988 level couldn’t hold; 2000 and 2010 didn’t give any chance either—yet $ETH still kept slipping all the way down to around 1880. Now the real focus isn’t 1980 anymore, but the FOMC interest-rate decision tomorrow night!
Bullish: ETFs have seen net inflows for 5 straight weeks, BitMine has kept adding to its ETH holdings (+30% supply for easy staking), and the available coins are getting scarcer.
Bearish: If it breaks below 1900, the short-term trend is weak. If the FOMC turns out hawkish, it’s not out of the question to keep dropping to 1830-1850. Is this round the final wash, or is the decline just beginning?
🤔👇 Chat in the comments: what’s your ETH cost basis? With tomorrow night’s FOMC, do you stand with the dovish side 🕊️ or the hawkish side 🦅? #韩议员拟就杠杆ETF亏损索国家赔偿