The big one is coming! Powell will speak at ten o'clock tonight, and #ETH is about to plummet, will it pull back to 4000?
I believe the current market expectations for Powell's policy actions should not be overly anchored to the assumption of a '50 basis point rate cut by the Federal Reserve.'
If Powell insists on not taking rate cut measures, the Federal Reserve will inevitably use other policy tools to adjust market liquidity.
From the market trend perspective, there is a risk of repeating the 2022 situation, where the market originally had expectations for rate cuts, but if Powell suddenly sends a hawkish signal, it is very likely to trigger a sharp market decline.
In addition, if Powell delivers a hawkish speech at Jackson Hole, the price of Ethereum may first test the key level of 4000 dollars.
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