Ethereum
After we saw Ethereum low prices in the first half of the summer, November showed a new bottom, in the 1080 range, from where it started to reverse. ETC is one of the favorite assets of futures traders. Because it shows higher volatility than other cryptocurrencies. I think that tonight we will be able to see not a weak volatility of this asset. Against the background of the results on the interest rate of the Fed!!! Let me remind you that this year the Fed has repeatedly raised the rate by 75 basis points. Which led to high inflation in the US and the strengthening of the dollar against many world currencies. Recent figures suggest that inflation is declining. Against this background, the dollar made a rollback. This time, according to forecasts, a rise of 50 basis points is expected, which should slightly improve the situation in the crypto currency market and the stock market. Now ETC is in the liquidity zone, which was in October. And if we get a positive rate result today, we will be able to observe the growth of Ethereum!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.