ETH has held up this time! The 2450 level hasn't been broken!
It managed to close above 2500, and the bears can breathe a sigh of relief for now. Bitcoin has been even stronger, directly pushing upwards from 104500 in the early session, with the support at 103500 proving to be stable.
Now the market is all eyes on how the situation in the Middle East develops — gold has been hit hard these past two days, unable to break through the 3500 barrier, and risk-averse funds are starting to flow into Bitcoin, with 1 billion net inflow into ETFs just yesterday.
Powell made a statement last night: The tariffs that Trump wants to impose may cause inflation to rebound, but the expectation of two interest rate cuts in 2025 remains unchanged.
In plain language — the Federal Reserve is currently hesitant to act, but if inflation data fluctuates again, the timeline for interest rate cuts will have to be pushed back.
Currently, ETH's weekly chart shows signs of another upward move; those holding short positions should be cautious and not get caught in the squeeze from both risk-averse trends and policy expectations.
If you're unsure and keep chasing highs and cutting losses, feel free to chat. Like + leave a message, and Tiger Brother will help you get on board.