Ethereum Correction before Rally
2025-01-27
Category: None

Chinas DeepSeek Ai triggered a massive bearish move of over 1000 points on the Nas100 and ensured a crash of 10% on Large Caps before market open.
The last time something like this happened was the 29th July Week in 2024 with the Carry Trade. Ethereum tanked 38% in 3 days.
We got the same news week as then. FOMC on Wednesday.
With the Ecstasy in the air with Trump in office, I think we could see a classic Sell The News Event. 
I entered short on 24th Jan.
My next target is around 2500 aligning with 1.618 STDV of the manipulation leg.
We got a liquidity pool there (which can be seen on Coinglass), a weekly Orderblock and the htf trendline. In my opinion that would be a huge buying opportunity in discount.

With the announcement of Bitcoin, XRP and Solana being included into the Strategic Crypto Reserve of the USA, Ethereum highly underperformed. 
Then Trump buying Ethereum seems like he wants to buy in Discount, then adding Eth to the Reserve aswell. Just a conspiracy tho.