《ETH: The 'Worker' Stuck Between the Federal Reserve and the Bank of Japan》
Recently, the market has been quite dramatic: on one side, the Federal Reserve is discussing interest rate cuts, while on the other side, the Bank of Japan is being pressured by inflation and the yen exchange rate to continue raising rates. Stuck in the middle are numerous ETH candlestick charts.
The logic is somewhat like this:
Yen interest rate hike → Yen arbitrage calculations are too difficult → A portion of high-leverage funds begins to reduce exposure to risk assets;
Federal Reserve expectations lean towards easing → Overall liquidity isn’t too bad;
The result is: BTC acts as the 'pressure-resistant big brother', while ETH becomes the 'elastic little brother', a magnified version of volatility.
Especially since ETH carries a lot of DeFi leverage and collateralized lending, once concentrated unwinding occurs, the 'amplifier' property of prices will become evident. The good news is that this time the interest rate hike expectations are pretty much written on the face of the market, which has digested it ahead of time by a few months; the bad news is that before each actual implementation, emotions can easily get out of control.
So now looking at ETH feels more like observing a 'macro + on-chain dual test':
Macroscopically, observing how interest rates and exchange rates stir the pot;
On-chain, watching how leverage, liquidation lines, and DeFi activity respond.
As for whether to participate in high volatility, it completely depends on personal character. Some love to ride roller coasters, while others only want to take a distant glance at the map.
#ETH走势分析 $ETH trend analysis #DEFİ observation #日本央行
