ETH 4-hour level broke the trend of the rising channel in the early morning of today, and then rebounded quickly.
This is the result of Grayscale and Mentougou's market crash. The market crashed quickly and rebounded again.
At present, ETH still has the risk of falling to the rising channel trend line again.
It mainly depends on tonight's interest rate meeting and Powell's speech later. Dovish or hawkish.
If it breaks the line again tonight, it will bottom out below 3230 again. Let's look at tonight's data.
Bottom out near 3230 again, it's time to buy the bottom!
