Ethereum's current perspective is that it is in a large range of fluctuations, with the price marked out. It is unclear how long this range will last, but the longer it consolidates here, the better for the future market. Tomorrow will mark the end of the month, and currently, it appears that the bullish and bearish forces on the monthly line are evenly matched. The strong support for the monthly line is 3400. In my personal view, if Ethereum breaks 3400, the market will enter a long adjustment phase. A few days ago, Powell mentioned that the interest rate cut in December has not been firmly established, and the main force is also taking advantage of this news to reap the market's liquidity. Powell's statement is actually positive in the long run, as the market will continue to bet on the interest rate cut in December, resulting in new funds entering the market. Secondly, the U.S. government shutdown is also related to the current lack of market confidence. However, the government cannot remain closed indefinitely. When they announce the reopening, the market may experience a rebound.

$BTC #美国政府停摆 $ETH #美联储降息 $SOL #加密市场回调