Currently, the global market is still under the shadow of expectations for a yen interest rate hike, and negative sentiment is rapidly fermenting....
It is expected that tonight will welcome the final climax of release.
Next, the market will return to the macro expectation of a Fed interest rate cut in December!
Last night, the Fed suddenly threw out $13.5 billion in overnight repos!
Some say this is "water injection," but it is more of a signal — short-term funding tightness has forced the Fed to take action!
This indicates that reserves are close to a critical point, and pausing QT is almost a certainty, and it may even mean that the liquidity cycle is at a turning point from tight to loose!
However, the positive news will not be realized immediately; the current market is still in a downward trend.
The rebound of ETH is just a small movement, and greater declines may still be on the way!
ETH key levels:
Support below: 2720-2670
These are the most important short-term support levels for ETH.
If 2720 is lost, 2670 will become the next target range.
Today's support point is at 2760; as long as it does not break down, there is still a chance for a short-term rebound.
Resistance above: 2855-2930-2960
Attention! The four-hour level resistance is 2855. If the rebound cannot even break this,
the market will still be bearish! Not to mention the 2960 position.
For those looking to short, a stable point is near 2930.
Wait for the rebound to position and directly short!
The rebound of ETH is an illusion!
The daily level formation is still brewing a larger intermediate decline, and the four-hour decline is not yet finished!
Don't be fooled by the market's "诱多"; the real opportunity is still ahead!
For those wanting to position in the next wave, see you in our chat room!!!
