Last night, when Federal Reserve Chairman Powell spoke, the entire crypto market exploded - ETH shot up like a rocket, breaking through historical highs. Some added to their positions overnight, some slapped their thighs in disbelief, while all I, Lao Zhao, want to say is: this pullback is the real signal to get on board!

Did you understand Powell's rate cut signal?

Last night's speech, Powell didn’t hold back:

The risk balance is shifting - the downside risks in the job market are increasing, and policies may need to loosen up;

Policies have reached a restrictive zone - in simple terms: interest rate hikes are nearing their end, and rate cuts may be on the way!

The market instantly sensed the change: once dollar liquidity loosens, funds will inevitably flow to high-risk assets, and cryptocurrencies, as a sharp tool against inflation, naturally become highly sought after. As the leading public chain, ETH became the vanguard of this market trend.

Is a pullback inevitable after a new high? This is an unspoken rule in the crypto world!

Why?

1. Historical patterns are undeniable: Last year, BTC pulled back 15% after breaking 69,000, and this year, SOL also fell 10% when it approached 200 dollars, but in the end, both reached new highs;

2. The technical side needs to build momentum: ETH's daily RSI is overbought; it needs to pull back to around 4700 dollars to repair the indicators and build momentum for a push to 5000 dollars.

5000 dollars might be just around the corner in the next few days!

I, Lao Zhao, dare to bet: this pullback for ETH will not exceed 48 hours, and 5000 dollars is likely to be seen this week!
Why am I so certain?

Rate cut expectations have become apparent: institutional funds are quietly positioning themselves, and CME futures open interest has increased by 20% in three days;

Technical breakout + pullback confirmation: 4700 dollars is a previous strong resistance level, and breaking through with a pullback confirms support, which is a typical bull market flag pattern;

Sentiment has completely ignited: the Twitter topic #ETH5000 has exceeded 1 billion views, and retail investors' FOMO sentiment has reached a critical point.

Finally, let me state the plain truth:

A pullback is not the end, but rather a launching pad for a new round of explosive growth!
Those shouting 'the market is crashing' are either missing out or don’t understand the underlying logic of this market trend. Remember: the crypto world always rewards those who understand policies, watch trends, and dare to make moves.

There are no gods in the crypto world, only smart people who know how to read signals. Lao Zhao's articles don't boast or make empty promises; they only teach you practical survival skills. Follow Lao Zhao for daily strategies, and know in advance #ETH创历史新高 $ETH