Short term trading suggestion: Short Ethereum near 2460 - 85, target 2430 - 2400, stop loss 2500. At the pullback 2400 - 2380, buy, target 2500.
For Bitcoin, short in the range of 63100-63600, target: 62000-61500, stop loss: 64000.
After the Federal Reserve announced interest rates yesterday, Ethereum price fluctuated slightly and increased during the day, at midnight touching the 2-day moving average and being under corrective pressure.
After the daily update, the cryptocurrency price is operating near the MA30 moving average, the MACD and KDJ indicators show bullish sentiment, and the MA5 and 10 moving averages show signs of convergence and reversal. Since the K column closed up three days ago, the cryptocurrency price has a gap with the MA5 moving average, and the upper BOLL band has not widened significantly, the Ethereum price needs to adjust the fluctuations in the next two days. If the cryptocurrency price holds the average line in the daily time frame and does not break the average line, it can be considered to buy at a low level.

On the 12-hour time frame, the upper BOLL band slowly expands, Ethereum's trend is weaker than Bitcoin's, MA5, 10, 30 moving averages are consensually rising. Currently, the cryptocurrency price has a gap with the MA5 moving average, the price on the weekly time frame is close to the MA5 moving average, if this week holds the 2460 level, the TD indicator on the weekly time frame will recover, the price is likely to recover to fill the gap on the monthly time frame, the high resistance level is referenced from 2493 - 2610.

On the 4-hour time frame, the cryptocurrency price fluctuates upward based on the MA5 average line, the TD indicator has reached TD8, the trend is inclined to bullish sentiment. Combined with the 1-hour time frame, the bullish energy is decreasing, the price tends to correct slightly. During the day, short-term trading can be carried out, first shorting at highs and then buying at lows.


$ETH