Hello everyone, I am Zitan. Friends who held ETH last night probably didn't sleep well. One second they were staring at the market hoping for a rebound, and the next second, the key level of 3100 was smashed to pieces. Now the price is stuck at 3078 and can't move at all! The sudden hawkish cold water from the Federal Reserve has really put ETH in a tough spot. Today, let's dissect the news and the market thoroughly, so we don't end up as confused retail investors!

News: The Federal Reserve douses the dream of interest rate cuts, and the crypto market faces a massive capital flight.

The negative news bomb from last night was the collective hawkish stance of the Federal Reserve voting members: The Chicago Fed President bluntly stated that inflation is still the number one problem, openly opposing any interest rate cuts now; the Kansas City Fed President was even harsher, saying inflation hasn't decreased enough, and the current policy tightening is still insufficient; even a voting member who won't have voting rights until 2026 chimed in: 'The labor market hasn't collapsed, we have to wait a bit longer for interest rate cuts.'

The sharp drop last night appears to be caused by the Federal Reserve's 'hawkish' stance triggering macro panic, but I believe there is a deeper issue: this is a precise strike against Ethereum's own 'Achilles' heel.

Technical aspect: The ETH 1-hour chart is full of escape red lights.

Open the 1-hour K-line, the danger signals are about to overflow:

Indicators are completely 'dead': The MACD yellow and white lines have dropped directly below the 0 axis, the death cross trend is firmly established, which is a 'clear warning' for short-term declines.

Key level shattered completely: The key support at 3100 has broken easily, now we can only rely on the pullback support at 3010 to 'scrape by,' but there isn't even a shadow of bottom-fishing funds in the market.

Oversold but no rebound strength: Although we are now in the 'oversold zone,' the volume remains stagnant, and no one dares to catch the falling knife; rebounds are all 'fake signals.'

I believe ETH has not yet bottomed out in the short term, with the first support level below at $2950. If it breaks below, it may further test $2900. Currently, it is not advisable to rush to catch the bottom; we need to wait for clear stabilization signals. If you are unsure about the specific entry points, you can find @链上紫檀 2026 ; I will announce the specific entry points in the purple sandalwood village!

Different players' operational ideas:

Short-term players: Don't catch the bottom; reduce positions when the rebound touches the 3180 resistance level, and don't hold positions; medium-term players: light positions can wait for confirmation of support at 3010/2900 to add positions, heavy positions should reduce positions to lower risk; novice players: don't rush to enter the market, those holding coins shouldn't add positions, wait for MACD to return to the 0 axis and stabilize above 3100 before moving, stay away from leverage.

Personal opinion: ETH has not yet bottomed out in the short term, with the support level at $2950. If it breaks below, it may further test, but if it can stabilize above $3000 in the next few days, there may be a small rebound.

Do you want to know how my purple sandalwood managed to avoid the flash crashes and precise ambushes in the village with friends? Follow @链上紫檀 2026 and join every attack of the purple sandalwood villagers! Purple sandalwood will announce the specific entry time and real-time news in the village every day! #BTC #ETH