After the Ethereum mainnet upgrade, trading has been light, with prices fluctuating in a narrow range between $1830 and $1840.
The current market shows typical characteristics of a tug-of-war between bulls and bears: on the daily chart, prices are supported by the MA60 moving average (around 1820) but face resistance at the 1850 psychological level, so the short-term directional choice needs to wait for a catalyst.
Tonight, the market's focus will clearly shift to the Federal Reserve's interest rate decision and Powell's press conference at dawn.
As the most important external variable for the crypto market, this interest rate decision may affect the market in two ways: if a clear rate cut signal is released, it could break the current deadlock and trigger a rebound;
If the stance remains hawkish or is ambiguous, it could lead to a pullback.
It is recommended to pay close attention to the effectiveness of the support at $1820, as this position is both an important defense line for technical traders and a watershed for market sentiment.
Going long in the range of $1820 to $1800 is a relatively conservative strategy.
U.S. stocks are about to open, and Han Jie is preparing to enter the market, expecting fluctuations of 300%. Hurry up and call me