Recently, I have been paying close attention to Ethereum's market trends, and I must say I feel a bit helpless due to the night operations of the big players. The longer the consolidation range lasts, the more violent the volatility seems to become — many people have probably experienced this routine.

Last night's market movement came suddenly, with Ethereum jumping by 200 points within two hours. Unfortunately, I was a bit busy at that time and missed this significant surge. Looking back, I do feel a bit regretful. But on the other hand, if those who positioned around 3250 can hold on to this wave, they might as well have enjoyed the ride.

Ethereum has once again returned to the 3000 support level. From a technical perspective, every time it hits bottom, there is an impulse to rebound; this pattern is basically ingrained in the chart. Therefore, I suggest everyone watch for opportunities to rebound to around 3150, which could very well be a good shorting position.

To be honest, the rate cut by the Federal Reserve has already been almost fully digested. Now, we should be more alert to the shocks from negative news. The market always works this way — moments of euphoria are often followed by sadness.