$ETH
Market Analysis: CPI data has eliminated obstacles for interest rate cuts in December, and the market is retracing to build momentum for a rebound❗❗
Last night was data day, the CPI results were announced, and the values aligned with expectations. Overall, the CPI is in a moderate downward trend. In this case, with no unexpected surprises, the Federal Reserve will adhere to the spirit of the September Jackson Hole meeting and continue to cut interest rates to release liquidity. Therefore, I will continue to stick to my stance, which I have reiterated dozens of times: the interest rate cut in December is certain✌🏻️
So what next? Of course, it’s the release of liquidity, which will lead to a surge in Bitcoin. Meanwhile, ETH will continue to repair its exchange rate. In this situation, when Bitcoin surges, the price of ETH will keep hitting new highs. Of course, the price of ETH is still pushing toward 4000, but we can foresee that 4400 and 4800 are not far off.
As the leading altcoin, ETH will have two effects: firstly, as the leading altcoin, when it rises, it will attract blood-sucking sharks, leading to a differentiation in the altcoin market, and strong altcoins will begin to soar rapidly. Secondly, if ETH faces a tsunami, it will suck the blood from the weaker altcoins, causing the weak altcoins to collapse and lose the potential for new highs.
Today, the fear and greed index of the market has reached 83. December is still a beautiful month, and we will wait and see👀
