ETH's current market trend is worth paying attention to. The 1-hour K-line's W bottom support is quite solid, and from this position, 3250 is a relatively ideal target point. For those friends who are trapped around 3100, today should be a day to breathe a sigh of relief.



I mentioned this logic yesterday — policy variables like the Bank of Japan's interest rate hike often tend to serve as market reversal signals and can trigger a significant rally. As expected, after 11 am today, the Bank of Japan's rate hike was officially implemented, and the market responded immediately, rising nearly 200 points. At such times, macro and technical factors resonate.

US non-farm payroll data should not be ignored either, as this type of economic data often causes chain reactions in global market sentiment. Currently, the bullish atmosphere continues, and this momentum is likely to persist in the short term.
ETH-0.52%
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