Alright, I think I don't need to say much, but since that's the case, I'll still mention it to make it clear what is currently happening.

The price of Ethereum once approached the lower bound of the weekly resistance level, triggering stop-loss orders, leading to forced liquidations of leveraged accounts, and then rebounding near the weekly high — this appears very bullish on higher time frames. However, by the end of the month, we might see Ethereum fill the 0.5 Fibonacci level of last week's lower shadow.

In any case, the market seems poised for a move, and a strong rebound is expected starting from November 1st.

In the short term, Ethereum may target the $4360 to $4560 range (if it adjusts from around $4360 and then goes straight up, the risk will be very high; we will further prepare to sell high and enter short positions!), to further pressure those latecomer shorts. #鲍威尔发言 $ETH