#美联储重启降息步伐 $ETH The recent trend has been rather tangled, and sharp surges or drops are unlikely in the short term. It's highly probable that the price will continue to fluctuate within the 3250 to 3098 range. With insufficient liquidity over the weekend, it's unlikely there will be any significant moves.

The real variable lies in next week's rate cut meeting on the 11th, and there are three key points to watch:

Whether the rate cut will meet market expectations. If it does, the short-term buildup of bullish and bearish divergence will basically be resolved; if it's below expectations or if rates remain unchanged, market sentiment could collapse instantly.

The post-meeting statement is even more critical than the decision itself. Whenever Powell speaks and uses vague terms like "uncertainty" or "data-dependent," the market tends to react negatively. Especially since there was a rate cut in January and now three consecutive cuts, the fourth move is bound to be more conservative.

Institutions have already factored this in. If rate cut expectations are unstable, smart money will withdraw early or stay on the sidelines, waiting for policy clarity before entering. Retail investors, reacting more slowly, might end up holding the bag.

Technically, ETH's 15-minute chart is still holding above the moving average, and the hourly structure is clearly bullish. If there's a short-term pullback to around 3100, it could actually be a good buying opportunity at a low, but it ultimately depends on real-time market performance.