Good news, Ethereum may finally welcome a price rebound after a continuous decline for 9 days!
The negative impact of the Japanese interest rate hike meeting has already been digested during this period. The official news release seems to indicate that the negative sentiment has been exhausted, but the extent of the interest rate hike being lower than expected also suggests some bullish sentiment. From the daily chart, it appears that the current rebound is the wave b of the major trend, and in terms of time and amplitude, it indeed seems insufficient. This indicates there will be a further upward fluctuation before moving to wave c.
Returning to Ethereum, at 11:45 on the 15-minute chart, there was a notable volume change; the price did not change much, but the volume was significant, indicating that some smart money has entered, or someone has completed a position exchange at this level, looking for a rebound.
Specifically, enter the major trend around 86000
