Like many other cryptos, ETH is currently seeing a very strong reversal from the lows of last week. ETH was one of the fastest tokens to sell-off during the last couple of months, so investors are scooping up lots of ETH for cheap.
Current target for the reversal is the area between $2850 and $3100. Keep an eye out for the FOMC meeting today. A sudden increase in the interest rates might cause a bearish move in the short-term.
Happy trading!
Current target for the reversal is the area between $2850 and $3100. Keep an eye out for the FOMC meeting today. A sudden increase in the interest rates might cause a bearish move in the short-term.
Happy trading!
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