The recent Ethereum can be focused on, having tested and held above 4000 multiple times, but without success. Let’s see if a strong upward movement can occur, directly stabilizing above 4000?

Currently, looking at the four-hour parallel channel, it is approaching the lower edge of the channel. Here, one can attempt to enter a long position, aiming for a decent rebound. Coupled with tonight's Federal Reserve interest rate decision, it is highly likely that they will continue to cut rates by 25 basis points! This could potentially ignite the market!

ETH trading advice: Enter a long position near 3805 with 50x leverage, add to positions near 3720, set a stop loss below 3680, target first looks at around 4100, and if it stabilizes above 4000, one can aim for a high point near 4500!

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