📊 $ETH Key moment for card slots, will tonight's "no rate cut" have a big impact?
Ethereum is currently hovering around $4,280 (CoinGecko shows $4,279.66, Coinbase shows $4,290. A decrease of about 0.5%).
Although Bitcoin once plummeted nearly 8% last week, ETH still rebounded ~3% yesterday, holding up the market.
Rumor has it that the Fed will announce "no rate cut" tonight? Or is there... a chance of a cut?
The latest Fed meeting minutes revealed that two officials leaned towards an early rate cut of 25 basis points, but the majority of the Federal Reserve remains cautious. While the expectation for a rate cut in September is still high, the chances of major movements tonight seem low.
If the Fed does announce a cut, then ETH has every reason to soar; conversely, it may become a dull market, and altcoins might have to wait for the next wave.
Bullish reasons (optimists are shouting):
Whales and institutional funds are busy and have started accumulating ETH, especially as staking becomes more profitable, reducing market supply.
Once interest rates loosen, liquidity increases, and ETH really has a chance to challenge the $4,800+ yearly high.
Most optimistic estimate: the entire altcoin sector may be driven, ushering in an altcoin season.
Bearish reasons (the calm are preparing):
Currently, ETH is facing technical pressure around $4,300, with trendlines and the 100-hour moving average blocking the way. This week also has a so-called triple pressure level.
If the Fed plays the "no rate cut" tune tonight, market sentiment may lean conservative, and ETH might retest the $4,100–$4,200 support.
Operational strategy suggestions:
Conservatives: Wait for the Fed to confirm a "rate cut signal" before entering, only chase after breaking $4,300, aiming for $4,500.
Aggressives: If the price pulls back to $4,200, set up a small long position, establish a tight stop-loss, and target a short-term rebound.
Believers: If you are optimistic about blockchain in the long term, anything below $4,100 is a point to accumulate, anticipating a future altcoin season explosion.
In conclusion: "Tonight, will the Fed choose to spin and jump, or continue to hold their breath? This is not just a sentiment test for ETH, but a critical moment for the entire altcoin market."
