Major Events

Recently, the Crypto Assets market has shown significant Fluctuation, with the price of Ethereum experiencing a rapid Rebound after a sharp fall, followed by a period of oscillating decline. This market trend has raised numerous questions among investors regarding the future direction: How far will the fall continue? To what extent will the Rebound reach? How should other Tokens be operated? Is the pump trend still ongoing? These are the most pressing concerns for current market participants. After the Federal Reserve announced its interest rate decision, the price of Ethereum experienced a sharp fall, followed by a rapid rebound. Currently, the price is hovering near the support level of $3720. If this level is broken, the next support level around $3670 will also be tested. If the market continues to decline, $3560 may become a new key support point. As long as the price does not fall below this level, the overall rising trend may still remain intact, so a significant correction can still be seen as an opportunity to increase positions. In terms of Bitcoin, the support level around $115,000 is once again being challenged, and if it breaks down, the next important support level is around $110,000. Currently, the price of Bitcoin is around $116,500, while Ethereum is around $3,720. Both of these price points could be attractive entry points as they offer a higher potential risk-reward ratio. For other alternative coins, it is wise to reduce the frequency of operations amidst such severe market fluctuations. If the ideal replenishment price has not yet been reached, investors should remain patient. For positions that are already trapped, it is not advisable to cut losses too early to avoid losing principal. At this time, managing one's trading impulses and not rushing to act is key. Overall, the current market is at a critical turning point. Investors need to closely follow the performance of various important support levels while remaining cautious and patient, looking for potential investment opportunities amid the market's significant fluctuations. As a long-term investor, understanding market cycles, controlling risks, and taking decisive action at the right time are essential for achieving success in this challenging market.

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