Giant whales are hoarding, ETH locked at the critical line of 3530! The probability of the Federal Reserve lowering interest rates in September skyrockets to 89%, key signals have emerged
Ethereum is on the move again, short-term rising to the key level of $3530, with technical and news factors resonating!
Technical aspect: 3530 is the critical point for bulls and bears
This is a resistance line formed since the 2021 peak, and it is approaching again. If a strong breakthrough occurs, it will open up upward space above 4000+; but if it is pushed back, it may retrace to the 3300 area, and short-term funds need to operate cautiously!
News aspect: Interest rate cut expectations spark rally expectations
CME data shows that the probability of a rate cut in September has soared to 89%! This is the starting point for global funds to reprice risk assets, and large funds are quietly accumulating core assets like ETH.
On-chain data: Whales are frequently active
In the past 24 hours, multiple whale addresses have continuously increased their holdings of ETH, with some large holders having amounts exceeding 10 million dollars, showing significant bottom confidence!
Practical advice:
The bullish direction remains unchanged, but do not chase highs, pay attention to the gains and losses at 3530
If it breaks and stabilizes, consider following to layout the main upward wave
If it encounters resistance and falls back, the 3300-3380 range will be a second opportunity to get in!
Remember, the market always favors those who get in early, not the onlookers watching the excitement. Want to catch this wave of Ethereum's main rise? Just keep an eye on the two indicators: "on-chain activity + Federal Reserve dynamics" is enough!
