Latest news analysis from President Bofuqi: ETH breaks new heights, these key points must be closely monitored!

Dear crypto friends, I am your old friend President Bofuqi! Today we must have a good chat—Federal Reserve Chairman Powell has just dropped a 'heavy bomb,' directly igniting the entire crypto market! He said that policies will be guided by data, and a turning point may be coming soon. As soon as this statement was made, the market immediately surged, and after the meeting, cryptocurrencies collectively took off, with Ethereum (ETH) soaring, directly setting a new historical high!

To put it simply, what Powell means is: the Federal Reserve will not act recklessly in the future, everything will depend on economic data. This is very good news for our crypto space! Why? Because with stable policies, funds will be more willing to rush into the crypto market. This time ETH's breakthrough is not just a guess; it is driven by substantial funds. From the monthly chart, the price has already surged into the critical resistance zone of $4700-$4800, which used to be a dense area of trapped positions; breaking through this zone opens up a whole new world!

However, President Bofuqi also needs to remind everyone: don’t just get carried away! The liquidation heat map shows that there are many leveraged positions around $4500 that are prone to liquidation, while the $4200-$4350 range has strong support, and if the price drops to this area, funds will start buying the dip. The secondary support is around $3750, and in case of a market adjustment, these points will serve as our 'safety belt.'

In short, Powell’s statement this time has given the crypto market a strong shot in the arm. ETH's new high is just the beginning; if we grasp the key points well, the opportunities outweigh the risks! Friends, stay steady, keep up with the rhythm, and don’t miss this wave of market movement! I am President Bofuqi, let’s seize this new opportunity together!

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