Tonight at 20:30, the US non-farm payroll data for September will be released. This set of numbers could become a watershed for ETH's trend - will it break through 3200 or revisit 2850? We will find out in the next few hours.

Reviewing last night's market: The conflicting signals released internally by the Federal Reserve shook the market to its core. Around 11 PM, hawkish committee member Bullard suddenly stated that "the inflation target has not been met, and it is not yet time to cut interest rates." Following this news, ETH plummeted, dropping from 3102 to 2873 within 15 minutes, a decline of 229 points. According to CoinGlass data, over $420 million in ETH positions were lost across the network within half an hour, with a large number of bulls stopping out below 2900.

But the plot quickly reversed. At 3 a.m., the statement from Federal Reserve Vice Chairman Powell reassured the market: "The plan to cut interest rates in December remains unchanged, and the current interest rate level is sufficient." ETH immediately launched a V-shaped rebound, recovering 29 in 30 minutes.

ETH5.09%

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GateUser-3b0f3522

· 10h ago

Bull Run 🐂

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· 22h ago

At 20:30 tonight, the US September non-farm payroll data will be released. This set of numbers could be a turning point for ETH's trend—will it break above 3200 or drop back to 2850? We will find out in the next few hours. Looking back at last night's market: the contradictory signals released from within the Fed turned the market upside down. Around 11 PM, hawkish member Bullard suddenly stated, "the inflation target has not been met, and the timing for rate cuts is not right." As soon as the news broke, ETH fell, dropping from 3102 to 2873 in 15 minutes, a decline of 229 points. According to CoinGlass data, over 420 million USD in ETH holdings were lost across the network within half an hour, with a large number of long positions stopping out below 2900. But the storyline quickly reversed. At 3 AM, Fed Vice Chairman Powell's statement reassured the market: "The December rate cut plan remains unchanged, the current interest rate level is sufficient." ETH then began a V-shaped rebound, recovering 29 in 30 minutes.

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MidnightGenesis