Brothers, did you see last night's spike and surge? ETH shot straight through 3250, reached the threshold of 3400 but hesitated, now hovering around 3300, resembling you before an exam, knowing something big is about to happen but uncertain whether the outcome will be good or bad.
News front
Tonight at 03:00, the Federal Reserve will announce its interest rate decision. The market has already started betting on a rate cut, and this recent surge in ETH has actually already digested some of those expectations. But if they officially announce a rate cut or hint at continuing to inject liquidity next year, the crypto market might go crazy again because once the faucet is turned on, money always needs to find a place to flow. But if it's just 'within expectations' or even a hawkish statement, then be careful as good news might turn into bad news, leading to a market crash.
Technical Analysis
From the 1-hour chart, 3400 is a tough nut to crack, having been pushed back several times, and the volume is clearly insufficient. The MACD red bars are shrinking, indicating a lack of short-term momentum. The key support below is around 3250-3200; if it breaks, sentiment may plummet. But pay attention, there are dense major orders around 3305, and the commission ratio is slightly turning green, indicating that large funds are secretly supporting the market. It's not impossible to suddenly rally.
Hongcai's viewpoint
Tonight's volatility will be very intense, and it might even crash before lifting, shaking off many small investors who can't hold on. Although I hope for a bullish candle to break through 3600, the market doesn't rise just by shouting orders. The key points to watch are: first, the tone of Powell's speech after the interest rate decision, and second, whether ETH can stabilize at 3350 with volume. If both conditions are met, a sprint to 3600 is not a dream; otherwise, it's highly likely to retrace and gather strength near 3200. (I will announce specific points in the chat room to help you plan ahead. Last night's spike was missed, but tonight I will help you catch the last big trend before the end of the year; this wave could determine whether you successfully double your capital before year-end.)
Heartfelt words for retail investors and novices
Don't rush in mindlessly just because of a surge, and don't go ALL IN just because of a rate cut. Especially for novices, tonight either set your stop-loss orders in advance or simply watch without participating. Remember: when news hits, it is often the time when experts harvest the gains. If you can't hold on, don't resist; if you believe in a bull market, hold onto your base position and don't make random moves.
Tonight I will interpret the Federal Reserve's speech and ETH market fluctuations in real-time in the chat room. Is it really about buying expectations and selling facts? We will closely monitor the changes in major orders together!
Be steady to live longer. Hongcai is with you to watch the market overnight! When market sentiment improves, remain calm and don't take expectations for facts. Be patient and wait for the trend to truly confirm before acting! Follow Hongcai and participate in every attack from Hongcai! Hongcai will announce the specific entry times and real-time news daily at Caishen's house!#美联储重启降息步伐 $ETH
