As we got the announcement for the FED Interest Rate reduction, we saw Bitcoin and the crypto market react positively to the news and have been rallying. Ethereum right now is testing the yellow support zone as resistance which we previously had as support.
Two scenarios are imminent
馃敺 Ethereum breaks the resistance and confirms with a retest
- we will see altcoins rally and ETH could head to $3,500
馃敺 Ethereum gets rejected and continues lower
- this will give us a lower buy in opportunity as well as more time to get into altcoins at the best price possible
Either way we can be rest assured that we have at least until the US Elections before we could see the start of an unstoppable BULL RUN!