The Bank of Japan raises interest rates, Powell resigns, and Trump confirms his successor's major statement at 3 AM tomorrow! Will the market reach a turning point?
1. The news over the past three days has been explosive:
1. The Bank of Japan suddenly raised interest rates, triggering a global retreat from carry trades.
2. Powell is rumored to announce his resignation.
3. Trump has basically confirmed the next Federal Reserve Chair, and at 3 AM tomorrow, he will make a "major statement."
This series of events has triggered a sharp drop in the current cryptocurrency market, with both Ethereum and Bitcoin being hit hard. However, the most significant impact on the market is actually the sudden change in liquidity and expectations.
2. Regarding ETH market analysis:
From the four-hour chart structure, this round of decline for Ethereum is not yet complete.
The key resistance range above is 2850 – 2900, which is a previous area of concentrated buying and also a trend resistance level. If the rebound does not break this level, it is an excellent zone for short positions.
The potential support area below is 2700 – 2650. If news continues to lean bearish, this area is likely to become a confirmation zone for a pullback.
Current structural judgment:
Look for shorts on the rebound; a true reversal would require a re-establishment above 2920-2950 to be considered stable.
3. Operational strategy:
A rebound to 2850–2900 can be gradually used to build short positions.
If there is a strong breakout above 2920, then consider switching to long positions.
The target below is set at 2700 / 2650.
Remember to use small positions and staggered entries due to the high volatility of the news.
