$ETH The current perspective of Ethereum is that it has formed a higher bottom. As long as the low of 2720 is not broken, there is an expectation for a higher peak. Currently, it is supported at 2980, and the main focus is whether this support can hold. The market is primarily speculating on the Federal Reserve's interest rate cuts, and the probability is now over 90%. Japan's interest rate hike is expected to happen next year, and there will be no rate hikes this year, so this month will mainly focus on rebounds. Currently, BlackRock's shipment volume is also slowly decreasing. The operational advice remains to focus on buying on dips. Last night, Bitcoin also saw demand at 88000. Although Bitcoin fell sharply last night, the rebound was also quick, indicating that there is still capital willing to buy in at the key support level of 88000. If this level holds, it will continue to test the previous high.

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