$ETH did not experience the surge I expected on Sunday. It has been consolidating around the 4280 level for two days now. When it moves up, there are sell orders pressing it down, and when it moves down, there are buy orders supporting it. Here, I would prefer it to make a move upwards first and then drop back down, roughly in the range of 4380-4420. It has already consolidated for two days, and we should see results as early as tonight.
I am still holding my long position... My expectation is as follows: first, a rise to 4380-4420 where it will encounter resistance and then pull back to 4110-4068, and then continue to buy long! Waiting for the Federal Reserve to announce.
In the early morning, the price spiked to 4250 and then came back down. It hasn't dropped for two days. I bought some ETH long positions. I hope this isn't just a buildup of long positions before a dump. If that's the case, I'm going to be really upset.
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