Today's market is indeed exciting - the Fed is experiencing significant internal disagreements, while the 1-hour Candlestick death cross signal for ETH has already lit up. The price is firmly pinned at 2806, with neither side willing to yield. This is when judgment is most tested.
First, let's talk about the changes on the messaging level. Data released early this morning shows that among the 12 voting members of the Fed, 5 clearly oppose a rate cut, while 3 maintain a stance in favor of a rate cut, making a 7:5 split vote likely in the future. This kind of policy uncertainty usually directly transmits to global risk assets—when U.S. stocks are volatile, it is difficult for the crypto market to remain unaffected.
However, from another perspective, this "chaos" may not be entirely a bad thing. In the short term, it will indeed cause funds to adopt a wait-and-see approach, as no one likes uncertainty. However, if the Fed delays the interest rate cut process due to internal divisions, it may instead lead some funds seeking high returns to flow into the cryptocurrency market.
Let's take a look at the technical structure of ETH. There are several details worth noting on the 1-hour chart:
The moving average system has formed a death cross and has fallen below the 0 axis, with bears taking the initiative in the short term. However, the indicators have entered the oversold range, and a technical rebound could be triggered at any time. The price is currently stuck at a key position—looking up, $2860 is the first rebound resistance, and $3070 is a stronger resistance zone; looking down, $2780 is the first support, and $2620 is the bottom line that cannot be broken. There's also a detail:委比+0.37%,委差+207.335, indicating that funds are quietly accumulating positions at low levels. This is the time when retail investors are most easily swayed by emotions.
The divergence in Fed policy combined with ETH's sensitivity at key technical positions means that the next few trading days will likely reveal a direction. The most important thing now is to hold the key support levels and not get shaken out by short-term fluctuations.
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MidnightGenesis
· 12-02 03:51
On-chain data shows that Large Investors are quietly positioning at low levels, and the numbers for the order book are not appearing randomly... Based on past experience, this is often the time that tests one's mentality the most.
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WalletDivorcer
· 12-02 03:50
2620 is a critical level, but with the current market conditions, who dares to hold?
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MidnightSnapHunter
· 12-02 03:45
The internal strife within the Fed and ETH teetering on the edge of a death cross is truly something else.
If it doesn't hold 2620, I'm out. I'll reassess if it rebounds to 2860.
What are the large investors waiting for while the retail investors are most likely to become cannon fodder at this time?
The period of capital hesitation might ironically push hot money into the crypto world, which is quite ironic.
This oversold rebound could happen at any moment, but I choose to wait and see, as direction is the key.
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FallingLeaf
· 12-02 03:44
The Fed is in-fighting, we can just watch the show, but we still need to keep an eye on the 2780 line.
The bottom funds are quietly fishing, why do I feel like we're about to be washed again?
2806 is stuck, should I wait for a rebound or just go all in? It's driving me crazy.
Where is the influx of high-yield funds that was promised? I haven't seen it yet.
The death cross thing is just to scare people, the oversold rebound is right in front of us, no rush.
I don't care about the Fed's division, anyway, ETH is just messing with us at this position.
The委差+207 is trying to trap me, even the old hands can see it.
Today's market is indeed exciting - the Fed is experiencing significant internal disagreements, while the 1-hour Candlestick death cross signal for ETH has already lit up. The price is firmly pinned at 2806, with neither side willing to yield. This is when judgment is most tested.
First, let's talk about the changes on the messaging level. Data released early this morning shows that among the 12 voting members of the Fed, 5 clearly oppose a rate cut, while 3 maintain a stance in favor of a rate cut, making a 7:5 split vote likely in the future. This kind of policy uncertainty usually directly transmits to global risk assets—when U.S. stocks are volatile, it is difficult for the crypto market to remain unaffected.
However, from another perspective, this "chaos" may not be entirely a bad thing. In the short term, it will indeed cause funds to adopt a wait-and-see approach, as no one likes uncertainty. However, if the Fed delays the interest rate cut process due to internal divisions, it may instead lead some funds seeking high returns to flow into the cryptocurrency market.
Let's take a look at the technical structure of ETH. There are several details worth noting on the 1-hour chart:
The moving average system has formed a death cross and has fallen below the 0 axis, with bears taking the initiative in the short term. However, the indicators have entered the oversold range, and a technical rebound could be triggered at any time. The price is currently stuck at a key position—looking up, $2860 is the first rebound resistance, and $3070 is a stronger resistance zone; looking down, $2780 is the first support, and $2620 is the bottom line that cannot be broken. There's also a detail:委比+0.37%,委差+207.335, indicating that funds are quietly accumulating positions at low levels. This is the time when retail investors are most easily swayed by emotions.
The divergence in Fed policy combined with ETH's sensitivity at key technical positions means that the next few trading days will likely reveal a direction. The most important thing now is to hold the key support levels and not get shaken out by short-term fluctuations.