On September 27th, Ethereum initiated a strong upward attack, reaching a maximum of 4066, with an increase of over 120 points. This is the first single-day breakthrough of over 100 points since the interest rate cut.

Currently, the price has retraced to around 4010, and the long-short sentiment has re-entered a tug-of-war phase.

After the interest rate cut, the market once fell into a period of volatility, but the expectation of liquidity easing is still fermenting, with ETH being the first variety to break out.

Previously, the range of 3950-3980 has always been a strong resistance level, and after this volume breakthrough, it has now converted to support in the short term.

Above 4060 remains the key resistance for bulls, and a breakthrough is necessary to further open up space.

The funding rate for futures is rising, and the market's bullish enthusiasm has clearly recovered, with short-term funds intentionally pushing the trend to continue extending.

Key support: the 3980-3950 range is a short-term lifeline; if maintained, it will sustain the bullish pattern. If it breaks down with volume, caution is warranted for a return to the 3900 area.

Upper target: short-term resistance at 4060-4080; after breaking through, it will target the 4150-4180 range. If the volume continues to be released, testing 4200+ cannot be ruled out.

Wait for a pullback to 3980-3990 to confirm stabilization before laying out long positions, stop loss at 3945.

Aggressively, attempt long positions with light leverage in the 4000-4015 range, targeting first 4060, then 4150.

This time, ETH's surge is a concentrated realization of the benefits from the interest rate cut. Whether the trend can continue hinges on the stability of the support at 3980.

As long as it does not break down, the subsequent trend still leans towards oscillating upwards, with a short-term view at 4060, and further at 4150. #ETH走势分析