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My judgment on ETH yesterday was quite accurate—once the 3100 level was broken, the daily middle band around 3050 became an inevitable target. Sure enough, when it dipped to 3056, a pin bar formed on the 4-hour chart, followed by a rebound. Those who dared to bottom fish indeed benefited.
The current situation is this: as long as the ETH daily middle band is not effectively broken, the upward trend remains intact. From the 4-hour perspective, if it can hold steady, a main wave 5 rally could unfold. But there's a key point—tonight will be crucial.
Why? Because tonight, non-farm payroll data will be released, and the US Supreme Court has a tariff ruling to announce. The combination of these two pieces of information will make the global markets very sensitive. However, from the current situation, US stocks are likely to close in the green—after all, markets in Japan, Korea, and A-shares are all rising, creating a favorable environment. Plus, considering Trump's current poll numbers, he needs the stock market to boost his image, so the chances of a positive outcome tonight are quite high.
Therefore, the trading logic for ETH is: as long as the daily closes above the middle band, we continue to view the bullish trend as the main theme. If tonight's data and rulings are truly favorable, a large-scale wave 5 upward movement could directly emerge. We'll just have to see how it performs tonight.