Successful Ethereum short? What’s next? Let’s talk about the next move.

The area around 3250 is indeed a strong resistance; after the price hit that level, it immediately pulled back by 7% to 3060, dropping very quickly. However, let’s not get complacent, because there are still 5 days until the rate cut, and it’s possible for the price to make another attempt at the top, or there’s a small chance it could reach around 3400.
So if you’re holding a long-term position, you can stick to your original plan and keep holding, and short the remaining position the day before the rate cut, entering in batches. The price is likely to start dropping gradually after the rate cut. If you’re trading short-term, you can take profits on dips and wait to short again before the rate cut. Also, don’t forget that tonight at 11 PM, the PCE inflation data will be released, which could cause unexpected volatility. #成长值抽奖赢iPhone17和周边 #$ETH