#中美贸易协商 With the interest rate cut policy being implemented tonight, market participants are closely following the potential final wave of decline that may occur from now until Friday. Looking back at the historical data, Ethereum rose by 57% last November, a figure that has sparked much contemplation among investors regarding this year's market situation.

After the last rate cut, the market experienced a night rise from 4400 to 4600, but then entered a prolonged adjustment phase. The current market is undergoing a similar volatility pattern, which makes us ponder whether this narrative will play out again. Although the market has recently corrected, funds are still being allocated continuously, which may be laying the groundwork for the November market. Considering Ethereum's 57% rise between November and December last year, coupled with the continued inflow of ETF funds this year, the possibility of surpassing last year's performance is indeed something to look forward to.

From a technical perspective, the weekly chart shows that 3970 is currently a key support level, while 3860 is a strong support area. The pin bar phenomenon appearing in the market is likely providing entry opportunities for investors. It is worth noting that ETF funds have been consistently flowing in, and there are no obvious signs of outflow, indicating an overall optimistic market sentiment. However, the market still needs a strong bullish candle to stimulate more retail investor participation.

In the short term, Ethereum's funding rate has turned negative, indicating that some funds have started to exit. As is common in the market, positive news often transforms into negative factors after it materializes, and market volatility may persist for a while. For ordinary investors, it is very important to be prepared to exit in a timely manner, while investors holding spot can consider a long-term holding strategy.

$ETH