@CryptoWorldJosh

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Analysis

317
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Pending
ETHUSDT
Long Entry 2,960.0900 2025-12-07 15:27 UTC
Target 3,250.0000 Fail 2,900.0000
Risk/Reward 1 : 5
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ETHUSDT
Cryptocurrency
Technical
1H
Analysis Predict Range Market
The market is currently influenced by the upcoming FOMC meeting in approximately three days, with an 86.2% probability of a 0.25% interest rate cut, which is generally bullish due to cheaper capital. Bitcoin (BTCUSDT) is experiencing a short-term squeeze, forming higher lows but encountering significant resistance between $92,000 and $94,000. A confirmed breakout above $94,000 could lead to a target of $99,500. Longer-term, a bearish trend is indicated by the Supertrend indicator on the weekly chart. Ethereum (ETHUSDT) is retesting a crucial support level between $3,000 and $3,100. Despite a short-term overbought signal on the 4-hour RSI suggesting a potential cool-off, holding this support could lead to a retest of $3,250. Solana (SOLUSDT) is observed trading within a sideways range on the 2-day chart, with support at $124-$128 and resistance at $143-$147, expected to continue this range-bound movement. XRP (XRPUSDT) displays a long-term bearish divergence on the weekly chart, while the daily chart shows a smaller bullish divergence leading to choppy, sideways price action around the $2.00-$2.05 support, with resistance at $2.20. Chainlink (LINKUSDT) has an active bullish divergence on the daily chart and is currently retesting a support level at $13.40-$13.50, with a target around $15.00. For the immediate weekend, low trading volume and boring price action are anticipated across these assets, with increased volatility expected from Monday as traditional markets open and ahead of the Fed meeting.
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