The insider whale bought nearly 120,000 Ethereum, and is currently near his cost line; if it drops further, he will be at a floating loss.

The Federal Reserve cut interest rates as expected, how should ETH be played today?

Last night, the Federal Reserve's interest rate cut was implemented, reducing by 25 basis points, which was anticipated.

However, as soon as the dot plot was released, it indicated that there might only be one cut next year, and Powell's speech was also hawkish. He mentioned that inflation is still relatively high and the risks are to the upside, while also stating that the labor market is a bit soft but we still need to watch the data—meaning: a rate cut is possible, but don't expect me to fully open the floodgates!

As a result, ETH surged for a bit, then quickly dropped, now hovering around 3250, clearly a case of good news being fully priced in while hawkish tones are frightening.

Back to the chart, my view is very straightforward: 3220 is the dividing line between bulls and bears.
If this level is broken, the trend is likely to turn bearish, with the first support below at 2960, and if it goes lower, it could reach 2620.

Looking at the indicators, the MACD dual lines show signs of weakening at high levels, and the trading volume is not keeping up. When it surged, the volume clearly shrank, and if it breaks down, it might actually increase in volume, which is not a good signal.

So keep a close eye today:
If it stays above 3220, we can expect some fluctuations or a weak rebound, but don’t go heavy, as there’s significant resistance around 3540.

Once it breaks down with increased volume below 3220, don’t hold on stubbornly. Reduce positions if necessary, hedge if needed, and follow the trend if it turns bearish.

Don’t let the two words 'interest rate cut' cloud your judgment. The market is trading on expectations, and now the expectations are being given very sparingly, liquidity won’t return that quickly. The most common mistake retail investors make is holding on as it drops, then chasing after a slight rebound; if the rhythm is off, it leads to total loss.

If 3220 holds, just hang in there; if it breaks, then run and wait for clearer signals.
Remember, preserving your principal is key to waiting for big opportunities, don’t gamble on direction during uncertain phases.

If it breaks below 3220 today, how will you respond? If you're unclear about specific points, you can follow Tianji, who provides real-time reminders in the village 24 hours a day for friends who have followed me before.

What players need to do is "patiently wait for opportunities, act decisively and accurately." Follow Tianji, come to the village to get daily real-time strategy shares + loss prevention guides!
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