Last night, ETH's movement was highly unconventional. The oscillation between 2940 and 3020, an 80-dollar swing, pushed both bulls and bears to their limits—both sides suffered losses, like a meticulously designed squeeze play.

Suddenly, the news turned. Inside the Federal Reserve, there are voices calling for rate cuts, and White House advisors have even openly questioned: "Inflation is only 1.6%, why not loosen policy?" The market was stunned by these remarks. Is there really going to be easing, or is this a psychological tactic? The fastest reaction came from the crypto sector—BitMine surged 10% in one go, leading platforms like Coinbase followed suit, with funds flocking to bet on easing expectations. Japan, which had been negatively affected by rate hikes, is also easing pressure, giving ETH a short-term breathing space. However, this respite hasn't translated into genuine upward momentum.

Technical signals are starting to turn dangerous. On the 1-hour chart, the narrow range from 2970 to 3020 resembles a deadly trap, with the BOLL bands tightening to the limit. The MACD is showing a death cross near the zero line, with energy clearly waning—one large bearish candle could easily break through this weakness. Signs of major players controlling the market are obvious: once 2970 is lost, the next target is the abyss at 2860. The 3120 level has essentially become a hard cap—any rebound reaching this point may encounter selling pressure.

For subsequent trading strategies, the difference between aggressive and conservative approaches is significant. Aggressive traders can short at the current price of 2980, with a stop-loss at 3020, targeting 2920 or even 2860. Conservative traders prefer to wait for a rebound to 3000-3020 before gradually shorting, with 3050 as the stop-loss baseline. Be cautious: any volume-less rebound looks like a trap—unless there is a real surge in volume and a firm hold above 3050, upward moves could just be a bait set by the main players.

The market is volatile, and prices are being squeezed. The choices made at this moment often determine the outcome that follows.