October 27 $ETH Market Update
ETH’s rebounds are getting weaker each time. Look at the 4-hour chart: the highs keep getting lower. It’s hard to be bullish in this market for now.
2,281 is the short-term bull-bear dividing line. If price breaks below it and fails to reclaim it on a rebound, it will continue to fall. Wait patiently for the next support level.
Around 2,200: if 2,281 is decisively lost, watch closely for buying support in this area.
The Federal Reserve, European Central Bank, and Bank of Japan all have policy announcements this week. U.S. GDP and core PCE data are also due, and earnings from Microsoft, Google, and Amazon are worth watching as well.
These signals could directly affect U.S. stocks, the dollar, Treasury yields, and sentiment around capital flows into the crypto market.
For crypto, volatility could be significant over the next few days. Don’t rush to chase rallies or sell into drops. Focus on the market’s reaction after the data releases, and wait for a clear direction before deciding what to do.
#宏观关键周
ETH’s rebounds are getting weaker each time. Look at the 4-hour chart: the highs keep getting lower. It’s hard to be bullish in this market for now.
2,281 is the short-term bull-bear dividing line. If price breaks below it and fails to reclaim it on a rebound, it will continue to fall. Wait patiently for the next support level.
Around 2,200: if 2,281 is decisively lost, watch closely for buying support in this area.
The Federal Reserve, European Central Bank, and Bank of Japan all have policy announcements this week. U.S. GDP and core PCE data are also due, and earnings from Microsoft, Google, and Amazon are worth watching as well.
These signals could directly affect U.S. stocks, the dollar, Treasury yields, and sentiment around capital flows into the crypto market.
For crypto, volatility could be significant over the next few days. Don’t rush to chase rallies or sell into drops. Focus on the market’s reaction after the data releases, and wait for a clear direction before deciding what to do.
#宏观关键周
