Follow #美联储降息展望 : Will the market face a final dip after the interest rate cut is completed by Friday? Looking back at last November, Ether rose 57%. How will it perform this year?

After the last rate cut, we saw Ether quickly climb from 4400 to 4600, then enter a correction phase. Whether this pattern will repeat is worth monitoring. During the decline at that time, funds did not exit the market but continued to be deployed, laying the foundation for the November rally. From November to December last year, Ether achieved a 57% rise. Considering the additional fund inflow from ETFs this year, whether it can surpass last year's performance has become a market focus.

From a technical perspective, the weekly chart shows that 3970 is currently a support level, with 3860 being a stronger support zone. The spike movements in the market are likely attracting new investors, which aligns with the continuous ETF fund inflow; signs of fund outflow are not obvious. Overall market sentiment is optimistic, but retail investors often find it difficult to withstand frequent fluctuations. The market may need a strong upward candlestick to rekindle retail participation enthusiasm.

In the short term, Ether’s funding rate has turned negative, indicating some funds are beginning to withdraw. We often say that after favourable information is realized, it tends to turn into unfavourable information, so the market may continue to fluctuate for a while. For ordinary investors, it’s advisable to prepare for flexible responses, while spot investors might consider a long-term holding strategy.

$ETH