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, enter