$ETH On the daily chart, it dropped yesterday, and today it has risen back up from below. The daily chart is still looking quite ugly. The two days’ volume is about the same, but price neither went up nor down. The current daily trend should be range-bound here for a bit, possibly waiting for the Fed’s news and headlines—everyone, keep an eye on it tonight. On the 4-hour chart, there’s a big bullish candle plus a large amount of energy, so the 4-hour support level at 1850 is still quite strong. Next comes a cross (doji), which means the market is changing direction—this doesn’t necessarily mean a drop. On the 1-hour chart, it has been ranging between 1925 and 1900 for a few hours, but the move down from 1925 was too fast, so it may not be able to break through. If 1900 breaks down, it may go below to test 1850 again for a second touch. 1900 can be used to set up a long; stop loss is 5 points. You can watch whether it can break 1925. Overall, the situation is currently not very clear—wait for tonight’s Fed news, then enter on the right side (after confirmation) following the trend. If it breaks up, you follow—levels are 1970 and 1850. If it breaks through there with increased volume, then go in with it.

ETH1.94%
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