BlockchainFoodie
Looking at the Ethereum market, the situation is not very optimistic. Increased volume led to a break below all short-term moving averages, the MACD indicator remains in negative territory with signs of widening, and the bearish momentum is still continuing.
Over the weekend, U.S. stocks were closed with no external buying support; next week, the Bank of Japan's rate hike is virtually certain, which will trigger a large-scale unwinding of yen carry trades. Global risk assets will face liquidity drainage pressure.
From a technical perspective, it is expected to first test the 3000 level at the
Over the weekend, U.S. stocks were closed with no external buying support; next week, the Bank of Japan's rate hike is virtually certain, which will trigger a large-scale unwinding of yen carry trades. Global risk assets will face liquidity drainage pressure.
From a technical perspective, it is expected to first test the 3000 level at the
ETH-5.15%