Click on the link to enter the meeting: https://meeting.tencent.com/p/7277739262
Here is my comprehensive analysis and outlook on the Ethereum market on October 18th based on recent market trends, technical aspects, and macro environment:
1. Enhanced expectations of Federal Reserve easing (potential positive): Market expectations for the Fed's interest rate cuts have risen, and it is expected that there may be 2-3 interest rate cuts in 2025. This loose liquidity environment typically creates favorable conditions for risk assets such as cryptocurrencies.
2. Continued US government shutdown (uncertainty): The shutdown status may result in delayed release of multiple economic reports, including September inflation data. This exacerbates market uncertainty, causing investors to tend to stay on the sidelines.
3. The Chairman of the US Securities and Exchange Commission (SEC) has stated that cryptocurrency and tokenization are "top priorities" and mentioned considering establishing an "innovation exemption" mechanism. This sends a signal of seeking compliant development rather than blindly suppressing, which is crucial for the long-term healthy development of the market.
The progress of Ethereum spot ETFs: This is currently the biggest potential positive. Although the US SEC has approved the 19b-4 filing, the S-1 registration statement (i.e. ETF can officially begin trading) has not yet taken effect. The market is closely monitoring any news regarding the approval of S-1. Once officially approved, it will attract a large influx of traditional capital, which is highly likely to drive a significant increase in ETH prices.
2. Technical support: From the technical chart, ETH has received multiple tests and holds at an important support level in the early stages (such as the $2800- $3000 range). If this support is effective, it may attract technical buying.
DeFi and Layer2 Ecological Recovery: With market sentiment warming up, the amount of DeFi lock-in on the Ethereum chain and trading activity on Layer2 (such as Arbitrarum, Optimism) have increased, consolidating ETH's value foundation as a "digital oil".
In the current situation where the news is mixed with long and short positions, the bears have already consumed up almost in the past two days. The next trend and one-way live streaming are being explained
#Tencent Meeting: 727-773-9262
QQ group: 936313157
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.