ETH is currently priced around 3914, and this morning the price has been continuously declining. The downward trend continues after Powell's speech. As the interest rate cut has become clear, along with Powell's hawkish remarks, selling pressure in the macro market has emerged. Firstly, there is buying in anticipation of actual selling, as the interest rate cut has been lifted, expectations of rate cuts in the market have become a reality, and prices will return to where they came from. Secondly, in this speech, Mr. Powell expressed his intention to halt the interest rate cut channel, and the market will certainly have to pay the price for that. Therefore, the cryptocurrency market is likely to face a significant drop in the next cycle.
From the 29th to the 30th, Mr. Yu also accompanied everyone through difficulties, achieving good results. Gained a profit of 4400 points on BTC, 150 points on eth $ETH
ETH
2,046.58
+2.19%