Powell's speech tonight ignites ETH! Rate cut hints point to 4500? If interest rates remain unchanged, it may plummet to 4180! A must-read for retail investors!!!
Heavy news interpretation
Tonight at 02:00, the Federal Reserve minutes will be released + at 03:00, Bostic will speak, a double storm sweeping the market!
If Powell hints at a rate cut in September, expectations for dollar liquidity will increase, and ETH will experience a violent surge! The target directly points to the third resistance zone 4297–4381, even challenging the range of 4400–4500!
Conversely, if interest rates remain unchanged or a hawkish statement is made, market sentiment will quickly cool, and ETH is likely to retest the 4180 support, even testing the crucial defense line at 4060!
Technical analysis prediction
The 1-hour K-line continued to oscillate below the Bollinger lower band last night, with multiple failed attempts to break through the middle band. This morning, although it briefly broke through, it could not hold above 4300, indicating insufficient bullish momentum and needing news support!
Key resistance: 4297–4300 is a densely packed area of sell orders; after breaking through, look towards 4381;
Key support: 4180 is a daily-level support; if it is lost, look down to 4060!
Trend prediction
Bullish scenario: Powell turns dovish → ETH surges and breaks through 4300, hitting 4381–4500!
Bearish scenario: Hawkish statement → ETH drops back to 4180, even testing the psychological barrier of 4060–4000!
Trading suggestions
Aggressive traders: Break through 4297 and chase long positions, target 4380;
Conservative traders: Place long orders near 4180, stop loss at 4140;
Short position options: If 4300 cannot hold, consider shorting, target 4220–4180!
NYMEX crude oil futures rollover may lead to liquidity fluctuations, intensifying nighttime market volatility! Be sure to trade light and set stop losses, do not hold positions!
关注缠敛主页简洁介绍 takes you through the K-line fog and prepares for explosive market movements in advance!