In December, keep a close eye on these things in the market! Let Cheng Ge explain it clearly to you:
First, the most critical point is "interest rate cuts"! This has the biggest impact on the market. Last week, the probability of an interest rate cut rose from less than 45% to 80%, and the price of Ethereum followed from 2800 to nearly 3100. As a result, this morning, there were rumors that Powell might announce his resignation today — because Trump has already decided on the next Federal Reserve Chairman, and the market panicked again.
Second, last month Trump said he would issue "tariff bonuses", but nothing has materialized yet. If this can be finalized in December, it would mean a significant influx of money into the market (what everyone refers to as "liquidity"), which many people are currently waiting for.
Third, Trump is likely to nominate a new Federal Reserve Chairman before Christmas, and the most popular candidate right now is Hassett. Trump originally wanted to expedite the interest rate cuts, and Hassett's ideas align with his. If Hassett really takes office, the pace of interest rate cuts might accelerate — many in the market believe that interest rate cuts are good for the crypto market, but this is just a rumor.
Fourth, Ethereum is set to undergo a "hard fork upgrade" the day after tomorrow. However, be aware that the positive expectations around this matter may have already been priced in; sometimes, "good news coming through can turn into bad news," so stay alert and don’t follow the crowd blindly.
As for Powell's speech, there will certainly be short-term impacts, but the Federal Reserve has already had countermeasures in place. Whether Powell resigns or not, it doesn't have a significant impact on the overall direction. The market itself is quite sluggish now; compared to when Ethereum was just over a thousand, the liquidity is still much lower — I'm not saying this to encourage you to enter the market, but to remind you that in such a volatile market with strong uncertainties, it’s easy to incur losses.
