Exchange rate updated again on the eve of the Fed's interest rate decision.
It has now fallen below the key support of 0.04. As mentioned earlier, the support area around 0.036-0.038 is also close to being reached.
However, according to the current situation, ETH still does not have the conditions to strengthen and surpass Bitcoin in the short term.
In addition, Bitcoin's strength is necessary in the early stage of the market, and its market share (Figure 2) has reached 58.5%.
I think the subsequent market share may reach around 63%-67% before it can peak.
And Ethereum will slowly strengthen at that time.
Therefore, the expected target of the exchange rate pair is lowered to 0.032-0.035, and the weekly level defense is 0.03.
Please note that I am not pessimistic about ETH here, I am just more optimistic about BTC.
And I still think that ETH at 2000-2200 is very worth buying.
As for BTC, I am waiting for the confirmation of the rising flag and the moment of breaking through 100,000 US dollars.
