The Federal Reserve's rate cut finally happened, and the market's reaction is quite interesting—both bullish and bearish traders seem to have guessed correctly. Some friends who positioned early indeed caught the rhythm, making gains from both waves around the rate cut. That feeling is truly satisfying.

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

Rate cuts are generally positive, but the market responded with a classic "expected news is bad" move. Ultimately, this market reversal depends on judgment of key points; whether you can grasp the opportunity depends on your own insight and luck.