Recently, the global financial markets have experienced severe turbulence once again. Trump's sudden threat of tariffs has triggered panic among investors, causing this week's stock market gains to evaporate instantly. Meanwhile, the U.S. Treasury market is in high demand, while the dollar is under pressure and falling.

The occurrence of this series of events not only reflects the complexity of the current economic situation, but also highlights the profound impact of political factors on the market. The ongoing U.S. government shutdown crisis has exacerbated the situation, not only obscuring the true state of economic health but also causing substantial harm to the economy itself.

On the other hand, there is also bad news coming from the automotive industry. The bankruptcy of parts supplier First Brands has caused concerns in the credit market once again. This event may trigger a chain reaction throughout the entire automotive supply chain, which is worth close attention from the market.

In the cryptocurrency field, Ethereum's recent performance has also been less than satisfactory. From a short-term technical perspective, Ethereum is currently in a deep adjustment phase. The 1-hour candlestick chart shows the appearance of multiple solid bearish candles, breaking through several important moving average supports, indicating that the short-term trend may have already reversed.

After the MACD indicator forms a death cross at a high position, the fast line has fallen below the zero axis, and the green downward momentum bars are also continuously expanding, all of which are bearish signals. However, from the MACD histogram of the 4-hour K-line, although it is still in negative territory, the height of the bars is gradually shrinking, which may indicate that the bearish strength is weakening.

In addition, the RSI indicator has fallen below the oversold zone of 30, which usually indicates a potential technical rebound may be on the way. Therefore, despite the bearish short-term trend, investors should remain vigilant for a possible rebound.

Overall, the current market is full of uncertainty, and investors need to remain vigilant, closely monitor various economic indicators and policy trends, and adjust their investment strategies accordingly.