$ETH $ETH The Ethereum has indeed excitingly surpassed the $2000 mark! From the market dynamics, this rebound is mainly attributed to three aspects: First, investor confidence has somewhat recovered, especially as large holders have started to quietly bottom out, with ETH accumulation addresses recently increasing by 345,000 in a single day, which is a clear signal; Second, there has been a technical breakthrough, with ETH successfully breaking through an ascending triangle pattern, and the RSI indicator also showing a bullish divergence, with a short-term target price of $2142, although it must first hold the support level of $2050; Third, the market sentiment has a driving effect, as ETH rises, altcoins also get excited, leading to an overall increase in the heat of the cryptocurrency market.
However, friends should note that tonight's Federal Reserve decision is key! Although everyone thinks there won't be a rate cut this time, if the dot plot indicates a possible three rate cuts in the future, ETH could continue to surge; if the message is hawkish, the short-term adjustment risk is also significant. Additionally, while the trading volume during this rebound has increased, it is still a bit lacking compared to the volume during the previous sharp decline, so we need to observe whether subsequent funds will continue to follow. In short, there is a consensus on a bullish outlook in the short term,