$ETH #Market Major News

What? The Federal Reserve has lowered interest rates? The Bank of Japan has raised interest rates? Powell has resigned? Trump has selected the next Federal Reserve candidate? All I can say is: Huang Mao's statement at 3 AM tomorrow will blow up the entire crypto circle!

But the most outrageous thing is my buddy, who has been continuously increasing his long position in ETH! This person is simply amazing, even I want to chase after his trades.

However, looking at the ETH pattern for today, there is still a trend of continued decline. The downtrend on the four-hour chart is not over, and there is resistance in the 2850-2900 range; if the rebound does not break this, we continue to look bearish!

Fortunately, our long position exited early, otherwise last night we would have gone back to square one, it's just too heartbreaking!