This morning, in response to fans' questions, we went long, and the momentum surged nicely, earning a solid profit.


Then the Bank of Japan announced a rate hike, causing Ethereum to drop by 20 points, but it quickly rebounded.
Is it possible that this time, the negative news actually turns into a positive?

Currently, the circled area below shows the MACD about to form a death cross. If the fast line doesn't turn upward, the price will continue to rise, touching the resistance of the trendline circled above. If a death cross forms, it will fall to the middle band of the Bollinger Bands. If it breaks below the middle band, it will continue to decline.
ETH-0.31%
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