#鲍威尔讲话 Ethereum experienced a sudden fall in the afternoon today, with hourly Candlestick charts continuously closing with Bearish lines, forming a clear downtrend, as prices continued to retreat from the high range. On the daily chart level, following the previous trading day's peak, it has closed with a bearish belt hold, indicating that the short-term market trend has completely shifted to short positions.

The current market fall is primarily due to the combined effects of two factors: a large number of liquidations in leveraged trading and the pressure imposed by the macro environment, which has led to a significant increase in selling pressure. Data shows that the scale of long position liquidations has remained high over the past 24 hours, reflecting severe market pressure.

Currently, the market sentiment has shifted to a state of panic, so from a long-term investment perspective, it is not suitable to engage in bottom-fishing operations at this stage. However, short-term traders may still consider seizing rebound opportunities.

In terms of trading advice, pay attention to the long opportunities for Ethereum in the 3850-3940 range. If successfully broken, the upper target can point to the price area of 4033-4116. $ETH