$ETH Yesterday performed strongly but was dragged down by market correction.
After a high of 3396 the previous day, it fluctuated around 3200 yesterday, dipping to 3305 in the afternoon before rebounding.
After the Fed's interest rate cut in the early morning, it surged, peaking at 3446 (breaking the previous high and creating a new recent high).
However, after peaking, it retraced, currently falling to around 3160 with no clear signs of stopping the decline, indicating a short-term adjustment.
The focus is on the support at 3100-3120; if it holds during the day session, there is a chance to rebound to 3250-3300, while breaking below will test the 3000 mark.
Overall, influenced by market sentiment, the rebound strength depends on support defense and capital inflow.
Continue to pay attention to: $G $WET
