Last night's ETH price fluctuations were even more thrilling than a roller coaster! After surging to around $3574, it experienced violent oscillations, making hearts race. This is not just a candlestick chart; it's clear that the main force is playing with the market's nerves!
The news is a complete mess, and Trump has become the 'atmosphere leader' of the crypto world! First, he signed the (GENIUS Act), providing a legal framework for stablecoins, leading to an influx of institutional funds and a corresponding rise in ETH.
Immediately after, Trump imposed tariffs on the EU, causing global markets to shudder, and ETH prices fell sharply, leading to heavy losses for bulls.
Before anyone could catch their breath, Trump declared 'I will never create a central bank digital currency,' which undoubtedly gave the cryptocurrency market a shot in the arm, and ETH prices instantly rebounded. The speed of this plot twist is astonishing!

Technical analysis: A thin line between life and death
The one-hour candlestick chart shows that ETH prices are oscillating violently around $3562, with intense competition between bulls and bears. The MACD indicator shows signs of a top divergence, suggesting that prices may pull back.
The price is currently between the previous high of $3574 and the support level of $3500, like the filling in a sandwich cookie, facing pressure from both bulls and bears.

Short-term forecast: Better to be cautious
The main force is washing out around $3574, and if it breaks the previous high, the target price will be $3700; but if it falls below the $3500 support level, we need to be wary of further price declines to $3400.
Long-term outlook: Huge potential
The Federal Reserve hinted at interest rate cuts next year, coupled with the stablecoin legislation coming into effect, and it is not impossible for ETH to rise above $4000. However, we still need to deal with the uncertainties brought by Trump's policies.
Investment advice: Steady and sure
Below $3574, it’s better to miss out than to make a mistake. Enter the market only after a confirmed breakout, and decisively stop loss if it falls below $3500.
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