Last night, ETH had a 4-hour death cross indicating a pullback, and sure enough, the evening data brought a big red candle, plunging straight down to around 3080. The support level held, and it bounced back 200 points just as quickly—this back-and-forth is really exhausting.

Now, after the pullback, ETH has bounced back to the 3170 support level. On the 2-hour chart, SKDJ has given a golden cross signal, so a short-term rebound looks likely. But whether the 4-hour chart can hold above 3170 still needs to be watched. The rate hike in Japan caused some volatility, so market fluctuations are inevitable.

How high can the rebound go? It’ll most likely depend on tonight’s PCE data. The expectation of the Fed restarting rate cuts is there, but once the data drops, the direction will be clear. Keep a close eye on the timing—don’t miss the key moment.