Last night, the Federal Reserve cut interest rates, so #ETH first chickened out? 😂

25bp was already expected, but the dot plot directly tells you: maybe a symbolic cut next year.
The market originally thought it could enjoy a big feast, but instead it was served a small cold dish, and the sentiment instantly cooled down by half. ETH surged high but lost steam in less than two minutes, now it’s hovering around 3200+.
The main focus today is: can 3220 hold?
If it holds, there’s still a chance; if it breaks down, a correction is likely to follow, with support around 3k. Also, a big scoop: that heavy BTC whale is at it again, directly adding to an ETH long position close to 400 million USD. Although the liquidation price is far away, with this size, once the market weakens, it could easily be pressed down and rubbed against the ground. 📉 My personal trading logic:
· If it doesn’t go below 3220 → try a small long position
· If it gets smashed through → wait for a dip and then add
· Only when it recovers back to 3280 does it show some signs of a counterattack. Don’t get overly excited at just the mention of “rate cut,” the market is following a path of “benefits being realized + future guidance leaning hawkish,” and sentiment needs some time to digest. Staying calm is more profitable than impulsive actions.
‍#ETH #以太坊 #美联储降息 #加密行情