Sep.19-Sep.26(ETH)Weekly market recap

Last Wednesday, the Federal Reserve announced that it would not raise interest rates this time, basically in line with market expectations. But as we said before, OPEC's production cuts have caused a rebound in U.S. refined oil prices in the near future. There is a certain possibility that the FOMC will continue to raise interest rates in November, and the timing of QE will be further postponed.

ETH also fell after the last recap, and then continued to fluctuate, with 1600 forming a short-term resistance level. The bulls and bears diminishes. At the weekly level we maintain the previous resistance level 1820 and support level 1500.

On the daily level, ETH is back to peace once again. Trading volume is down. Neither the WTA indicator nor the MBF indicator give out signals.

At the 4h level, the blue column on the WTA indicator is not obvious. After the price approaches 1600, the participation of whales began to decline.

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