Yesterday's slight increase in ETH triggered quite a bit of discussion. Behind what seems like a simple price rise, there are actually new market expectations regarding policy developments.

Let's first talk about policy variables. The White House economic advisor recently sent a signal: U.S. inflation levels are actually below the expected target, and the Federal Reserve has ample room to cut interest rates. What does this mean? Liquidity expectations are loosening again. The crypto market has always been sensitive to such signals. Once the capital flows confirm this, the first assets to surge are usually the most liquid coins. Interestingly, ETH did not immediately break out strongly; instead, it maintained a sideways movement — indicating that large funds are also waiting for a clearer technical confirmation signal.

Now, looking at the technical level. On the 1-hour chart, the MACD's yellow and white lines have started to move below the zero axis, but the critical point is: the death cross turning into a golden cross is not far off. Usually, this kind of signal suggests a "false breakdown, true rebound" scenario. However, investors should not rush to chase the high — the MFI indicator is still hovering in the overbought zone, indicating that short-term buying momentum is quite strong, and major players are likely to perform another round of shakeout to clear out floating positions.

From the price movement perspective, the key zone now is between 2940 and 3090. If ETH can hold above 3040, it will be more confident to test the 3090 resistance level, and even potentially push towards 3250. Conversely, a break below 2940 should raise caution — support levels will sequentially shift down to 2770, and in extreme cases, it may retest around 2610 for major support. Remember one principle: before breaking through key levels, even a beautiful rally is just a rebound, not a reversal.