Ethereum has risen quite a lot this time. After the breakthrough, the small bull market has really started. Next, we have to keep an eye on the area between 3345 and 3570. No one can say whether it will rush through in one go or adjust after a breath in the middle before going up.
Why is it called a small bull market? Because if it is really a big bull market, it has to break 4400, which is very difficult. Don't even think about it this year. But the small bull market has the advantages of a small bull market. Even if there is a correction in the middle, the amplitude will not be too outrageous. After the adjustment, it will still go to 3345-3570.
As for the interest rate cut, it doesn't matter whether it is in July or September. This wave of market is pushed by funds. It is estimated that the big dealers started to lay out half a year ago. Even if there is no interest rate cut in July, at most it will take the opportunity to wash the market. Want to fall back below 2000? It's just a dream. I think the first interest rate cut is likely to be in September. This is their real calculation.
This wave of market is far from over, and the current pressure zone is 3035-3070. It is hard to say whether it can rush directly, but one thing is certain - as long as it dares to adjust downward, it will be a chance, and a big correction will not come for the time being.
If we really want to talk about the possible big adjustment, we have to look at the CPI data on July 15. If the data is poor and it is confirmed that there will be no interest rate cut in July, then the bad news will not be able to escape, and it may trigger a wave of adjustments, but at most it will reach 2345-2490. If it can break through 3035-3070 strongly, it will not even touch this position.
In short, the rhythm of Ethereum this wave is very clear. Just keep an eye on the key points and don't be led astray by short-term fluctuations.
