The position 105550 is empty, and it won't go up in the short term. Ethereum has pulled from 1380 to 2720, halfway there. 2600 is empty. It won't go up to 3000.
I am bearish on Ethereum, and everyone is criticizing me? That's because Ethereum has an unlimited issuance mechanism, which is its fatal flaw. Although Ethereum has a mature ecosystem, having many coins with mature ecosystems is not its advantage. Bitcoin has a fixed supply of 21 million coins. Currently, the amount of Ethereum being minted is far greater than the amount being burned.
The only way to make a severely bleeding man strong again is to stop the bleeding, not to keep feeding him supplements.
Ethereum surged under negative circumstances... I still feel cautious. If a bull market really comes, it needs to rally for 3 consecutive days. Today is only the first day, which cannot prove it's a bull market.
According to the current information, there is a divergence in the prediction of the number of rate cuts by the Federal Reserve in 2025. Market and institutional expectations range between 2 to 5 cuts, with each cut usually being 25 basis points. Here are the key points: Market Predictions: Some X posts and analyses (such as @realBillZhang and @PANewsCN) indicate that the market expects 3 rate cuts in 2025, occurring in July (91% probability), September (72.59% probability), and December (100% probability), with the final rate potentially landing in the 3%-3.25% range. According to Sina Finance, traders expect a total of 125 basis points of rate cuts in 2025 based on the overnight interest rate swap market trends, equivalent to 5 cuts of 25 basis points, and may even include emergency cuts due to concerns that tariffs could trigger a global recession. Institutional Views: The Federal Reserve's dot plot (December 2024) suggests that there may be only 2 rate cuts in 2025, with core PCE inflation expectations raised from 2.2% to 2.5%, reflecting concerns about upward inflation risks (such as the impact of Trump’s policies). Goldman Sachs and Barclays expect 3 rate cuts in 2025 based on strong non-farm payroll data, with the first cut likely in July. Former Cleveland Fed President Mester stated that the number of cuts may be fewer than the previously expected 4, influenced by fiscal policy. Huachuang Securities analysis suggests that the first cut may occur in the second quarter, with 2 cuts expected within the year, due to committee disagreements and uncertainties surrounding Trump’s policies. Influencing Factors: Inflation: The PCE price index rose 2.3% year-on-year in October 2024, with core PCE rising 2.8%, causing a decrease in rate cut expectations. Labor Market: Strong non-farm payroll data indicates economic resilience, delaying the timing of rate cuts. Trump’s Policies: Tariffs, immigration, and tax reduction policies may push inflation higher, forcing the Federal Reserve to slow down the pace of rate cuts or pause them. Summary: The most likely range for the number of rate cuts by the Federal Reserve in 2025 is between 2 to 3, with the first cut potentially occurring in mid-year (June-July). However, if inflation continues to exceed expectations or the economy significantly slows down (such as a 'Trump recession'), the number of cuts may adjust to 0 or as high as 5 (including emergency cuts). It is recommended to pay attention to the FOMC meetings (the next one is on May 8) and economic data (such as PCE, CPI, non-farm payroll) to update expectations.
BTC first broke 100,000, ETH 4,000 BTC second broke 100,000, ETH 3,900 BTC third broke 100,000, ETH 3,700 BTC fourth broke 100,000, ETH 3,400 BTC fifth broke 100,000, ETH 3,100 BTC sixth broke 100,000, ETH 2,700 BTC seventh broke 100,000, ETH 1,900