Finally waited for it! The ETH pullback has appeared, and the key support is facing a test. In the last 5 days before the interest rate cut, be careful not to step into a pit.

After being asked for three days about 'When will ETH pull back?', we now have an answer: the pullback has started.

I have been closely watching the $3300 mark for ETH for nearly a week. Previously, prices surged with anxiety in the community about whether to chase or not. I once reminded: the main force is waiting for the interest rate cut window, and the rise may be a way to 'hand out chips'. Sure enough, today the market opened lower, and those who chased high must be reflecting.

The core contradiction is: there are only 5 days left until the expected interest rate cut, but the upcoming weekend 'market vacuum period' is the key variable. With six years of experience, I have seen too many scripts of 'weekend consolidation, Monday big drop'; this time, we need to be especially vigilant.

Straight to the conclusion, remember two core observation points:

1. Key defense range: $3080-$3120

This is the core area for the sideways consolidation from last week. Today's pullback touched 3100 and then rebounded, showing that there is capital support. If this range is held steady over the weekend, there is hope to attack 3200 on Monday; if it effectively breaks below 3080, then one should reduce positions to avoid risks, with the next support looking at around 2950.

2. Decisive moment: Monday (the 8th) opening

Weekend liquidity weakens, making it difficult for large funds to act. Therefore, the opening price and initial trend on Monday are crucial. If there are no substantial positive factors over the weekend, and Monday opens more than 2% lower, then the previous high of $3227 may become a short-term top, making it harder to reach $3500.

"Can we buy the dip now?" It depends on the situation:

· Long-term investors: If your position is below 30%, consider building a small position in batches in the support area.

· Short-term traders: Please be patient. It is recommended to wait until the opening on Monday, observe the trading volume for at least half an hour, and only enter when there is a signal of increased volume.

The reality that must be recognized is: the main players often have more comprehensive scripts; "raise expectations before interest rate cuts, realize profits after cutting rates" is a classic routine. The current pullback is not a bad thing; rather, it provides another opportunity to get back in, but the premise is to catch the rhythm.

This weekend, there's no need to watch the market constantly. The main players will also take a break; instead of worrying, it’s better to conserve energy and prepare for next Monday's key battle.#ETH走势分析