$ETH (Buy long near current price around 3105) First, the major direction for Ethereum will definitely pull back to 3300, and 3300 is likely not the top of this rebound. There are still 3 weeks until the end of the month Federal Reserve interest rate decision meeting. Generally, there's a decline 2 weeks in advance. Now there should still be about 1 week to complete the surge up, with an expected high of 3444. For ETH's pullback from 3088.01, this correction will likely pullback to the 8-hour MA30 to complete the correction. Even if it goes down further, there won't be much space left. MA30 combined with the 3-hour level MACD red energy bar showing volume contraction with price making new lows, presents a divergence between price and bar. The hollow energy bar and solid energy bar are now showing symmetric layout below the zero axis. KDJ's J line has approached negative 10, already transitioning from a downtrend to consolidation, with K and D lines declining at a gentler pace.
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$ETH (Buy long near current price around 3105) First, the major direction for Ethereum will definitely pull back to 3300, and 3300 is likely not the top of this rebound. There are still 3 weeks until the end of the month Federal Reserve interest rate decision meeting. Generally, there's a decline 2 weeks in advance. Now there should still be about 1 week to complete the surge up, with an expected high of 3444. For ETH's pullback from 3088.01, this correction will likely pullback to the 8-hour MA30 to complete the correction. Even if it goes down further, there won't be much space left. MA30 combined with the 3-hour level MACD red energy bar showing volume contraction with price making new lows, presents a divergence between price and bar. The hollow energy bar and solid energy bar are now showing symmetric layout below the zero axis. KDJ's J line has approached negative 10, already transitioning from a downtrend to consolidation, with K and D lines declining at a gentler pace.