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The market was like a storm. As soon as Powell opened his mouth, ETH fell from heaven to earth in an instant. Did the good news of interest rate cuts turn bad in an instant? ETH rushed to 4000 and then plummeted. 4253 can suppress it, but 3816 can't hold it? The market tonight may be more volatile than your ex! Current market review: Why is ETH plummeting? Secrets hidden in the news Before the Federal Reserve cut interest rates last night, ETH hit $4,000 and crashed instantly. Many people were devastated and felt that the benefits of the interest rate cut were completely ineffective. Subsequently, Federal Reserve Chairman Powell's words shocked the market last night. He said that "an interest rate cut in December is not a certainty," causing the market's expectations for an interest rate cut to plummet from 92% to 70%. It was like a bucket of cold water was suddenly poured on it, causing the market to plummet, reaching as low as 3836. But note that Powell emphasized "uncertainty in December" rather than completely denying an interest rate cut, which shows that the Fed is still waiting to see economic data. For the currency circle, it is bad in the short term, but it may not be a bad thing in the medium and long term - the market always looks for direction again after digesting the news. technical analysis,The current price is $3,942, stuck in the middle of the key position! Pressure from above 4253: Like a wall, if you can't break through, you are a hooligan! Although the trend in the hourly chart is upward, it "softens" every time it reaches around 4,000. $4,000 is a “psychological nuclear bomb”: breaking it = bulls’ morale will be boosted, and may go straight to 4253； Failure = hitting 3816 support directly. 3816 is the last line of defense: fall below here? ETH may start "waterfall mode", the target is 3500! The RSI indicator reveals the mystery: RSI1 50.71 (neutral), but RSI2/RSI3 are low (45/43) → The short-term overbought risk is low, but the upward momentum is insufficient! If the RSI falls below 40, run away! The hidden dangers of trading volume: The current trading volume is 64,849, and there is no sign of heavy volume exceeding 4,000 → indicating that the main force is still waiting and watching, retail investors should not be used as "cannon fodder"!  My opinion: The market is not simply "up or down", but a game! The technical picture shows that the upward momentum is still there, but Powell's news is like a basin of cold water. My judgment is: ETH may repeatedly test the key level of $4,000 in the short term. If it cannot break through, it may fall back to the first support level of 3,900. ； But if we stand firm at 4,000, our next goal is 4,100! What should retail investors do?If you are holding ETH now, or want to buy at the bottom, listen to me: Keep an eye on key levels: 4000 is a psychological barrier, and if it breaks through, you can follow up with a light position； If it falls below 3816, wait and see, don't bear it. Set a stop loss: For example, place a stop loss order below 3,800 to prevent an unexpected plunge. Operation in batches: Don’t do it all! Buy in several batches, cover your position if it falls, and take profit if it rises. I know many people lost money last night, but don’t blindly buy the bottom! ETH is now in a "message sensitive period". If you want to follow my analysis and operations in real time, follow Lin Xi. I will share exclusive strategies and ambush opportunities in the village later! Do you think ETH can hold on to $3,942 tonight? Is it a fake fall or a real collapse? Will Powell say more harsh words? Let us know your thoughts in the comment section! If you want to keep up with tonight's operation, quickly follow Lin Xi and enter Lin Xi Village. Lin Xi is already planning in the village!  |
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