The Fed's rate cut finally materialized, and the market's reaction is quite interesting—both ups and downs have been correctly predicted by some. Friends who have positioned themselves early indeed caught the rhythm; both waves of operations before and after the rate cut have been profitable, which is quite satisfying.

However, from a technical perspective, ETH has now broken below the key support level of 3220. This level was repeatedly tested and held before, but now that it has broken, it provides a reason to continue bearish. In the short term, the logic for shorting remains solid; it all depends on whether the new support can hold in the subsequent stages.

Rate cuts were originally positive, but the market responded with a classic "expectation realization equals negative" move. Ultimately, this market reversal depends on the judgment of key points; whether you can seize the opportunity depends on your own insight and luck.