ETH rebounds after evening shakeout; macro risks worth paying attention to

The market experienced multiple breakdowns and shakeouts during the evening. After a tug-of-war between bulls and bears in the $2900-$2950 range, Ethereum quickly rebounded above $3030. However, according to the latest data, ETH is currently priced at $2.09K, with a 24-hour decline of -8.51%, indicating that market volatility remains intense and the earlier rebound was not as strong as expected.

Macroeconomic variables are increasing. Trump recently called for a short position on the dollar again, and the US dollar index’s decline has driven cryptocurrencies and gold to rise simultaneously. But at the same time, the risk of a US government shutdown is growing closer, and such policy uncertainties often trigger market panic. Tonight’s market performance is the result of these factors interacting—both technical rebounds from short covering and turbulence caused by macro risks.

The current strategy advice is relatively cautious. If prices experience another pullback, accepting some losses and adopting a wait-and-see attitude is a more prudent choice. The evening and recent markets are full of variables, and position management and risk control should take priority over chasing gains.