Recently, the political landscape in the United States has been tumultuous. Reports of the White House considering replacing Federal Reserve Chairman Powell sparked significant market volatility, causing declines in U.S. stocks, the dollar, and long-term Treasury bond prices. However, this news quickly reversed as President Trump denied the plan, leading to a strong rebound in U.S. stocks. This incident highlights the market's sensitivity to policy uncertainty and suggests the current fragility of market sentiment.

Technical Analysis: Ethereum Leads Strongly

The cryptocurrency market has also shown significant differentiation. Technical charts indicate that Bitcoin's closing price rose slightly yesterday, but with a long upper shadow, indicating resistance for bulls; meanwhile, Ethereum posted a strong bullish candle, with an increase of nearly 10%, far exceeding Bitcoin's gain, showcasing its strong upward momentum. This divergence in trends indicates that market funds are actively flowing into Ethereum and other altcoins. Given the market volatility and the divergence in cryptocurrency trends, investors are advised to proceed with caution and closely monitor key support and resistance levels.

Ethereum: Ethereum bulls are strong, and attention should be paid to the support level around $3400. If the price retraces to this support level, consider buying the dip and going with the trend.

You may establish long positions around $3280-$3320, with target prices of $3420-$3500. Pay attention to changes in trading volume.