ETH Evening Analysis

The Bank of Japan's interest rate hike and the changes in the Federal Reserve personnel (the probability of Powell's departure is extremely low, and Trump may push for a "dovish" candidate) coincide with a significant announcement at 3 AM tomorrow, continuously disturbing the sentiment in the cryptocurrency market. Although Brother Ma previously leveraged heavily to bet on ETH's rise, he has already faced two rounds of liquidation, with assets going to zero, making it difficult for his actions to change the market's downward trend.

The daily downward trend of ETH has not stopped, with the 50/100/200-day moving averages in a bearish arrangement, and significant pressure in the 2850-2900 range. If a rebound does not break through, it can be a good opportunity to place short positions, while being cautious of the risk of dropping below the 2850 support and testing the 2300 level. $ETH #加密市场回调 #加密市场观察