1. Rebound Essence: The "confirmation signal" of the key defense line
Action: ETH quickly recovered after dipping to around $2,900 last night, and briefly returned to the $3,000 mark.
Interpretation: This is not a reversal, but rather **"market support". The market has once again confirmed that $2,850 - $2,900 is the psychological bottom line for institutions and long-term holders**. At this level, the selling pressure has clearly been absorbed by buy orders.
2. Driving Reasons: Who is Buying?
Year-end "Window Dressing": As December approaches, fund managers have the incentive to maintain the

The Bank of Japan's rate hike drops the big sword, and Ethereum (ETH) is staging a "battle for survival" today.
Current situation: ETH narrowly pierced the $2800 mark last night and is now slightly rebounding to around $2825. Global markets are holding their breath, awaiting the final decision from the Bank of Japan (expected to be announced this afternoon Beijing time).
Key analysis: The market has already priced in the rate hike expectation (from 0.5% to 0.75%), with two main points to watch:
Rate hike magnitude: Does it meet expectations? If it exceeds expectations, the market will crash.
F

Ethereum slipped a little overnight, touching around 2915 at the lowest. Currently, the liquidity in the pool is almost exhausted; any small disturbance could cause a big drop. Leverage traders were washed out again last night.
The focus is on tomorrow. It’s not about rate cuts; what the market truly fears is that the Bank of Japan might raise interest rates. This is more significant than the Fed’s movements. Over the past decade, a classic strategy has been to borrow nearly zero-cost yen, convert to USD, and buy assets worldwide (including crypto). Now, if Japan actually raises interest rates

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