FED rate hike in upcoming days
A bad weekly closed
ETH inflow to Exchange sky-rocket last week
ETH is considered weak compare to BTC
Weekly candle closed with a Bearish Engulfing, black Marubozu pattern.
ETH and whole market in general tried to push back and claimed important level but got rejected every time.
Finally, on the 1hr TF, several pairs...
- Sale the news event is not done yet
- Fed meeting in next few days
- Global economic, wars
- BTC struggle to maintain up trend, crypto in general is one of the first investment retail want to de-risk at uncertain time
- ETH clearing in down trend in lower time frames
My idea:
it will down to $1300 area in 2 days max
then ranging between $1300 - $1200...
