The Federal Reserve decision is about to be announced, and whether the key speech in the early morning can trigger a market rally—this is the big test ahead.
Let's look at $ETH's technicals. On the 4-hour chart, that long upper shadow wick pressing at the 3394 high indicates significant resistance at the ceiling. But looking downward, three consecutive volume-increasing bullish candles on the daily chart have already broken through the EMA30 moving average, clearly establishing a short-term upward structure. On the 1-hour timeframe, repeatedly forming pin bar candles around 3320, the entire market is stuck here—bulls and bears are fighting hard at this round number.
My judgment is: if tonight continues to oscillate, it’s just building momentum for the Fed speech. It’s likely to test highs again after some fluctuation—that rhythm is quite common.
For friends wanting to participate, the entry positions are already set:
**Entry Range:** Around 3243-3213, with a light initial position to test waters **First Target:** Between 3303-3373 **Second Target:** Between 3373-3433 **Pattern-based Take Profit:** Near 3467
I will update the re-entry points in the comment section. Friends interested in joining can shout out, so I can follow up accordingly. The key is not to chase high and to control the rhythm and risk carefully.
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ServantOfSatoshi
· 16h ago
Federal Reserve speech, just speak it out. Anyway, it's all about speculating on expectations. Even if they really crash, they can't bring it down to 3213.
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SchrodingerWallet
· 12-10 13:16
That obstacle at 3394 is really hard to break through. With the Federal Reserve's speech coming, it might trigger another sell-off.
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fork_in_the_road
· 12-10 13:12
I also see that resistance level at 3394, but I always feel that the Fed's move is going to stir things up.
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MEVHunterX
· 12-10 13:08
Wait, can the 3394 resistance level really be broken? It feels like multiple attempts are hopeless.
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APY_Chaser
· 12-10 13:01
It's the same old Federal Reserve approach. They keep saying they want to trigger a move, but what happens? 3320 is indeed stuck and uncomfortable. I think it's better to wait until the speech comes out before taking action.
The Federal Reserve decision is about to be announced, and whether the key speech in the early morning can trigger a market rally—this is the big test ahead.
Let's look at $ETH's technicals. On the 4-hour chart, that long upper shadow wick pressing at the 3394 high indicates significant resistance at the ceiling. But looking downward, three consecutive volume-increasing bullish candles on the daily chart have already broken through the EMA30 moving average, clearly establishing a short-term upward structure. On the 1-hour timeframe, repeatedly forming pin bar candles around 3320, the entire market is stuck here—bulls and bears are fighting hard at this round number.
My judgment is: if tonight continues to oscillate, it’s just building momentum for the Fed speech. It’s likely to test highs again after some fluctuation—that rhythm is quite common.
For friends wanting to participate, the entry positions are already set:
**Entry Range:** Around 3243-3213, with a light initial position to test waters
**First Target:** Between 3303-3373
**Second Target:** Between 3373-3433
**Pattern-based Take Profit:** Near 3467
I will update the re-entry points in the comment section. Friends interested in joining can shout out, so I can follow up accordingly. The key is not to chase high and to control the rhythm and risk carefully.