Previously at ETH 4700 USD, the legendary trader Pigeon Eugene, who actively warned of risks by reducing positions, made a short trade when ETH hit a new low the day before yesterday. He just released a statement, suggesting that the current price level is again suitable for short-term buying.

And tonight, it is the time for the Federal Reserve Chairman to give a speech on the financial markets. The market is also speculating that he might signal a rate cut.

(After all, the market has been very fearful this week)