Recently, the market's expectation of the Federal Reserve cutting interest rates has increased, and risk appetite has somewhat rebounded. Looking at the trend of $ETH at this point, the technical aspect is still quite interesting—drawing a line down, the key support and resistance levels remain the same, but the change in trading volume is worth noting. Improvement in macro liquidity generally has a boosting effect on risk assets like Ethereum. The interaction between the current position, previous highs, and historical lows determines the short-term momentum. It seems that the subsequent movement will depend on the actual pace of the Fed's actions, not just words.