Japan's rate hike "black swan" surprisingly becomes a positive! Ethereum's $3000 showdown night, institutions aggressively buy $230 million for reverse positioning.

Today at noon, the Bank of Japan raised interest rates by 25 basis points to 0.75%, hitting a 30-year high, but this triggered a V-shaped reversal in the cryptocurrency market. Ethereum surged violently from $2773 to $2983, and the battle for the $3000 threshold will be decided tonight!
All bad news turns into good news
The market fears uncertainty the most. In the early trading session, Bitcoin once fell to $84,418, and Ethereum dropped below $2800. However, the rate hike was in line with expectations, which instead eliminated uncertainties and released the pressure of carry trades closing early. Last August, the Bank of Japan's unexpected shift caused Bitcoin to plummet 16%, but this "drop" now becomes a positive.
The $3000 critical level
This is not only an integer level but also a lifeline for technical analysis. Holding steady could see a rise to $3050-$3100, while losing it could lead to a retest of $2900-$2850. Despite Ethereum falling 15% in September and ETF outflows totaling $112 million for eight consecutive weeks, on-chain data is astonishing: institutions have bought $229 million worth of ETH this week, whales continue to transfer coins out of exchanges, and selling risk is exhausted.
Emotional low vs. institutional accumulation
Currently, market sentiment is "extreme fear," retail participation is low, but institutional funds are flooding in: global Bitcoin ETF inflows have exceeded $50 billion, BlackRock's iBIT scale surpasses $30 billion, and MicroStrategy holds 220,000 BTC, accounting for 1% of circulating supply. The rare divergence between sentiment and capital often signals an upcoming reversal.
Tonight's strategy
Ethereum in the $2980-$3000 range can be partially profit-taken, with buybacks in the $2830-$2870 range in batches. For Bitcoin, watch support at $86,000-$86,500 and resistance at $88,500-$89,000, trading within this range for high sell and low buy.
High risk warning
High volatility + high leverage = nightmare of liquidation! The lesson from Bitcoin's previous flash crash from $99,000 with a 6% drop and 170,000 liquidations is still fresh. With Christmas holidays approaching, institutions may take profits, leading to thin trading. Do not hold heavy positions and go all-in recklessly.
Opportunities are born in despair. Tonight's gains or losses at Ethereum's $3000 level are crucial for short-term trends and serve as a market sentiment indicator. Trading wisdom: Better to miss out than to make mistakes!
Do you think Ethereum can hold steady at $3000 tonight? Optimistic about the future or expecting a second bottom? See you in the comments! Like, share, follow Long Ge, and let you penetrate the fog to grasp the core logic of the crypto world!