#ETH Track real-time hot topics in the crypto world, seize the best trading opportunities. Today is January 28, 2025, the 29th day of the lunar month, Tuesday. Happy New Year's Eve to all crypto friends ☀ Hardcore fan check-in 👍 Like and make a fortune 🍗🍗🌹🌹. It's New Year's Eve again, thank you for your continuous support to Gate.io. In the new year, I will live up to your trust and navigate the trading market professionally. May your investments be smooth and fruitful. Happy New Year, let's step on the snow to the peak of the crypto world together with all the frens in 2025!

💎
💎
Will Bitcoin experience a rally during the Spring Festival? Yibo compiled the trends of Bitcoin during the past 10 years of the Spring Festival and found that Bitcoin has consistently seen an increase each time.
2024 (2/8~2/14): $44,349 to $52,043, an increase of 17.3%
2023 (1/20~1/29): $21,071 to $23,960, an increase of 13.7%
2022 (1/29~2/6): $37,716 to $42,656, an increase of 13.1%.
2021 (2/10~2/16): $46,420 to $50,689, an increase of 9.2%
2020 (1/23~1/29): $8,682 to $9,449, an increase of 8.8%
2019 (2/2~2/10): $3,462 to $3,685, an increase of 6.4%
From February 15 to February 20, 2018, the price rose by 24.7% from $9,449 to $11,786.
2017 (1/27~2/1): $918 to $986, an increase of 7.4%
2016 (2/6~2/14): $374 to $404, an increase of 8%
2015 (2/18~2/24): $234 to $238, an increase of 1.7%
💎
💎
On Thursday (January 30, 2025), the Federal Reserve will announce the interest rate decision at 3 am. It is expected that there will be no interest rate cut in January, with a probability of 98.9% that the interest rate will remain unchanged. This expectation of negative news has been fully digested since December 18, so it will not fall again when implemented. The key is to see if Powell's speech releases information about the expectation of interest rate cuts in March and beyond. As long as it is mentioned, there will be a short-term surge, which coincides with the Spring Festival market. However, there may be fluctuations before and after the announcement of the meeting's results. It is reported that the probability of a 25 basis point interest rate cut in March is currently 27.1%, and the probability of a 25 basis point interest rate cut in May is 38.4%. Some institutions believe that the interest rate cut this year will be postponed after May, so the probability of an interest rate cut in March is not high at the moment, and there may be a correction period in mid-March. The expectation of an interest rate cut in May is high, so there may be a rally to digest the positive expectation in April.
💎
💎
Yesterday, the strong downward trend of Bitcoin broke through the important support level of 100,000 points and touched around 97,700 before showing signs of stabilization and rebound. Currently, it has formed a V-shaped reversal and stopped at 102,000. From a technical perspective, the solid part of the daily chart has formed a downward pin shape, which is exactly on the upper edge of the downward trend channel. Although the big pie fell briefly below a support level yesterday, it did not reverse. Generally speaking, for the trend of the big pie, there is usually an opportunity for a new high after the daily adjustment. Moreover, the adjustment structure last week did not show a reversal. Yesterday, it was judged that the short-term adjustment would be in place, and the rebound at night, although not a strong V-shape, has a trend of bottoming out. After the upward trend at night, there will be a certain degree of decline during the day, and the rebound time is probably in the afternoon or evening. The end of the pullback is expected to bring a new wave of upward trend! Just pay attention to whether the pullback can break through yesterday's low point, which will affect the height of the next upward trend. Pay attention to the resistance platform of 103,500-105,000!
💎
💎
Ethereum is linked to the decline of Bitcoin, testing the support level around 3010 and rebounding to the current level of 3150. This is basically another test of the important support level. As mentioned earlier, if the entity fails to stabilize above 3350, the oscillation range will definitely move downward. You can enter the market if it breaks through the support level.