ETH today's lowest point touched 2870 before a significant rebound.

The Federal Reserve's minutes were overall hawkish, and the expectations for a rate cut in December have decreased, but the impact is limited; what really drove the sentiment was Nvidia's earnings report significantly exceeding expectations, positively impacting the AI and technology sectors, which in turn strengthened the cryptocurrency market in the short term.

From a technical perspective:

• Key levels are 3050 and 3200.

• If it holds above 3050, short-term rebounds can continue;

• If it breaks above 3200, the target looks towards 3270-3400, or even 3550-3660.

However, if it can't break through 3200, there could still be a round of correction at the end of the month, with the range falling between 2400-1660.

Overall:

Nvidia's strong performance boosted sentiment, and ETH has a short-term reversal opportunity, but the height of this opportunity depends on whether 3200 can be effectively broken.