The recent market movement of Ethereum is a bit confusing. It seems that Japan's interest rate hike might just be a smokescreen, and the true market logic still needs to be observed. To be honest, I have already increased my ETH positions quite a bit, and if I get scared off again this time due to policy expectations, it would be quite awkward. The current situation is: in the short term, there are policy disruptions, but the long-term fundamentals are still not clear enough. Heavy holders know that this kind of uncertainty is the most uncomfortable—reluctant to cut losses but also afraid of missing out. The key is to think carefully about how Japan's rate hike will affect on-chain capital flows. For now, it's better to be cautious, observe first, and act later.