#美联储恢复降息进程 The news in the crypto market these past couple of days has been coming one after another, almost like a TV series.

The Federal Reserve has been rumored to continue cutting interest rates, while the Bank of Japan suddenly raised interest rates. Even more outrageous is that some say Powell might resign, and Trump is looking to replace someone at the Federal Reserve. There are even reports that a significant announcement will come at a certain point. These rumors are a mix of truth and falsehood, making it hard for people to discern which ones are credible.

Speaking of ETH, the recent decline has indeed been severe. I noticed that a well-known whale is madly increasing their long positions in ETH. I really can't understand this kind of operational logic, but their courage to go heavy is truly admirable.

From a technical perspective, ETH still needs to continue probing for a bottom during the day. The downward structure on the four-hour level is not yet complete, and there is obvious resistance in the range of 2850 to 2900 above. If the rebound can't even break through this level, then the logic for continuing to be bearish becomes very clear.

Fortunately, I reacted quickly and closed my long positions early, otherwise I would have suffered heavy losses from this sharp decline. In the current market situation, I really have to keep an eye on the market every moment; a little negligence might get me stuck at high prices. When the market is so volatile, risk control is more important than anything else.