From a macroeconomic perspective, the latest U.S. inflation data released basically met expectations, which to some extent eases market concerns about continued interest rate hikes, and also provides risk assets with a brief respite. Meanwhile, the market generally expects the Federal Reserve will not take overly aggressive policy actions in the short term, which is relatively favorable for crypto assets including ETH. However, the tense situation in the Middle East and rising oil prices create the possibility of inflation recurring in the future, and this uncertainty continues to weigh on market sentiment.

Against this backdrop, I clearly sense that the attitude of capital is shifting. On one hand, some funds are beginning to flow back into the crypto market, viewing it as a hedge against traditional market volatility; on the other hand, the increase in institutional participation has made the market more mature, but also more susceptible to macroeconomic factors. This "semi-safe-haven, semi-risk" characteristic makes ETH's trajectory increasingly complex.

From a technical perspective, ETH recently rebounded from around $2000 to above $2300. This rally looks more like a correction of the previous decline rather than the start of a new bull market. As an investor, I would not blindly chase longs at such levels, because the price has already entered a clear resistance zone. Although market sentiment is relatively optimistic, it is often precisely when there is such unanimous bullish consensus that risks are quietly accumulating.

Combining technical structure with market sentiment, I am more inclined to believe that the current stage of ETH will be characterized mainly by high-level consolidation. On one hand, bulls still have momentum to push prices higher; on the other hand, selling pressure from above is gradually strengthening. For traders like myself, rather than trying to guess direction, it's better to patiently wait for clearer signals and make decisions at key support or resistance levels.

Short-term support levels: $2300-$2365 $ETH ‌#美联储利率决议