Last night's big opportunity in the crypto world to earn back profits, a reversal of the trend.

Mainly reviewing two parts:

The first part, the reversal of news, from negative to positive.

The second part, the reversal of the technical pattern.

Earlier we kept reminding everyone that the main reason for the market decline was that the upward trend had lasted too long, and the market needed a healthy washout to clear leverage before entering the next stage of upward movement. Encountering the hawkish comments from Federal Reserve Chairman Powell, which were negative news, the market naturally declined for a correction, until last night when the US PCE data was released, which was positive for the crypto world and slapped Powell in the face, along with the Trump family also bottoming out and supporting Ethereum among several other positive factors, the market directly stopped its decline and began to reverse. Of course, Bitcoin's peak correction also reached about 15%, which is a healthy correction range. After every level of the market began to stabilize and reverse after a few steps of stopping the decline, the entire market welcomed a rebound.

Additionally, the US stock market opened low but rose high and all lines increased, supporting the technical aspect. Bitcoin and Ethereum also returned to their support levels of 97000 and 3250 respectively.

We see that Ethereum's trend is very clear, with the supporting lower trend line breaking below 3700 and continuing to drop, piercing key support at 3250, after not hitting 3050, it began to consolidate and welcomed a healthy rebound.

Subsequently, the entire market returned to a healthy trend,

also throwing off the indecisive retail investors.

Looking forward to continuing healthy growth ahead! 🐝$ETH