The market has once again reached the Ethereum 3500 defense line, which is the strongest support. Last time it also dropped to this level and then started to rebound all the way. The happiest are those with large positions $ENA $USUAL , while the most painful are those with large positions in MEME. Recently, it has been said that the meme sector needs to wait. PNUT NEIRO's wave can be said to have washed out quite severely, but it will all rise later, and rise even higher.
Yesterday, Powell said that the Federal Reserve is not allowed to hold Bitcoin. Bitcoin ETF outflow was 794.7 Ethereum and 20,100 Ethereum ETF outflow. Seeing this data, those who understand should understand how much has flowed in, and this is how much has flowed out. The big players have thoroughly washed out those who wanted to get off the train and those who didn't get off and various leveraged positions have almost been liquidated. After the wash, it should be time to rise. The fastest will be this weekend, and at the latest next week.
