11.4 Ethereum Outlook
Today's Ethereum trend is still dominated by bears, currently fluctuating around 2450
This week's news is quite significant, with tomorrow's election and Friday's interest rate decision; these two pieces of news will have a certain impact on the short-term market, so it is not recommended to hold positions before and after the news is released.
In cryptocurrency trading, many retail investors are heavily in debt during market rallies and corrections, even facing liquidation. The reason for this is still due to greed and lack of strict stop-loss measures leading to significant losses.
The market fluctuations are expected to be quite noticeable this coming week, so it is highly recommended to take profits and set stop-losses!
Currently, the key focus for Ethereum is the resistance level at 2530, with daily support potentially looking at 2300-2350
