Here comes this week's focus: what will the Fed do with rate cuts this time? We'll find out at 3 a.m. on Thursday. Can ETH ride this wave and reach a higher level? Does anyone have a prediction?

Keep a close eye on the timeline: inflation data comes out on December 9, which will directly set the tone for whether rates will be cut; the rate decision will be announced on December 11, revealing the suspense.

Right now, the market is generally betting on a 25 basis point cut—after all, recent US economic data hasn’t been great, plus some officials have been dropping dovish hints. But the problem is, there’s quite an internal debate at the Fed: the doves want to manage risks early, while the hawks are still worried inflation isn’t fully under control.

What’s really tricky is the path forward. The worry is that even if they do cut rates, they might simultaneously send some hawkish signals, capping the room for asset prices to rise. This “rate cut but not wholeheartedly” scenario is what really puts everyone to the test.