The U.S. government has reopened, and the uncertainty in finance along with the absence of various data has caused market panic. The momentum is fierce!!

Analyst Chen Shu: On November 14, pay attention to whether the daily line breaks and the weekly support at 9.85 is effective. You can try to buy on dips.

Starting from 12:30, within 10 minutes, the price of ETH plummeted from $3214 to $3104, a drop of 3.42%.

The recent decline is mainly attributed to three factors: market concerns about the Federal Reserve's next actions, tightening market liquidity, and long-term holders taking profits.

Economic resilience exceeds expectations, inflation remains stubborn, and a fierce debate about the interest rate path is unfolding within the Federal Reserve. "A large amount of on-the-ground research evidence and data shows me that the inherent resilience of economic activity has exceeded my expectations," said Minneapolis Fed President Neel Kashkari in an interview on November 13. This Federal Reserve official, who previously predicted two rate cuts in 2025, now admits that he has not yet determined the best course of action for the December policy meeting.

Master Chen 11.14: After a significant rise, bubbles burst and liquidity disappears. You don't think it's over just because it has dropped, do you?

BTC ETH Strategy

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Bullish

A calm mindset is key. Do not be arrogant or impatient, do not blindly follow trends, use wisdom and composure to steer the boat of wealth towards the shores of success.

A calm mindset is key. Do not be arrogant or impatient, do not blindly follow trends, use wisdom and composure to steer the ship of wealth towards the shores of success.

Fixing the rebound is the highest priority.

The hearing on November 19 will determine the final direction of this long-standing controversy.