🔥 Ethereum Tightening Before FOMC: Volatility Coming!
As most of you might know already, there will be another FOMC interest rate decision later today.
Before that, I'm expecting the markets to tighten up in anticipation before the decision and the press conference. In case the FED will signal that they're going to reduce the rate at which they will increase the rates, expect a very bullish reaction. In case the FED announces further tightening, the reaction will most likely be bearish.
I'm looking at the dotted support lines in anticipation of a break out. Bullish target at $1660, bearish target at $1480.
Before that, I'm expecting the markets to tighten up in anticipation before the decision and the press conference. In case the FED will signal that they're going to reduce the rate at which they will increase the rates, expect a very bullish reaction. In case the FED announces further tightening, the reaction will most likely be bearish.
I'm looking at the dotted support lines in anticipation of a break out. Bullish target at $1660, bearish target at $1480.
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