ETH rebounded with a golden cross on the 4-hour SKDJ at 4 AM, reaching the upper resistance zone of 2550-2575, which is also the middle band of the 2-hour chart. It remains to be seen whether it will break through or pull back to around 2480 before pushing down to 2575 again. Overall, it is still in a descending wave 3, and the wave structure remains intact until breaking the previous low of 2433;
Tonight, the unemployment claims data and the Federal Reserve's interest rate meeting are on the agenda. Institutions generally predict no rate cuts, and possibly a more hawkish stance. Pay attention to Powell's speech. It’s advisable not to hold positions tonight as the overall market is still in wide fluctuations, and the Middle East situation has not stabilized, likely needing another 2 days to digest;
If there is an interest rate cut tonight, it will take off from there!
