ETH key resistance level revealed: 2-hour cycle may face pullback

The membership indicator shows that the current price is above EMA24 but below EMA52, indicating that the market may be in a rebound in a downward trend. Based on the distribution of chips, 2824.5 USDT has formed strong resistance, with significantly weakened buying power and a 20.39% decrease in trading volume, indicating insufficient upward momentum. The K-line pattern confirms a bearish signal, with a peak pattern appearing in the latest 2-hour cycle, coupled with a dual top structure in the MACD bar chart, increasing the risk of a pullback. Pay attention to 2790 USDT for support below, if it falls below, it will open up downward space. Open a membership to obtain real-time resistance support levels and precise buying and selling points! The data is sourced from the PRO member's [ETH/USDT Binance 2-hour] K-line, for reference only, and does not constitute any investment advice.

[Probability of a 25 basis point rate cut by the Fed in December is 69.4%] CME 'FedWatch' data shows that the probability of the Federal Reserve cutting rates by 25 basis points in December is 69.4%, while the probability of maintaining rates unchanged is 30.6%. By January next year, the cumulative probability of a 25 basis point rate cut is 56.9%, the probability of maintaining rates unchanged is 20.8%, and the cumulative probability of a 50 basis point rate cut is 22.3%.

OKX-BTC/USDT is currently trading at $88013.90, with a 5-minute increase of 0.13%. Please be aware of market fluctuations.

[Bitcoin Community Calls for Boycott of JPMorgan Over Exclusion of DAT from MSCI Index] The Bitcoin community and supporters of Strategy are intensifying their opposition to JPMorgan, urging a boycott of the financial institution. In a research report, JPMorgan disclosed that index provider MSCI plans to exclude cryptocurrency treasury companies from its index components starting January 2026. Real estate investor and Bitcoin supporter Grant Cardone announced that he has transferred $20 million out of JPMorgan and filed a lawsuit over its credit card violations. Bitcoin advocate Max Keiser has called for purchasing Strategy-related assets and Bitcoin to counter JPMorgan.

Cathie Wood’s Ark Invest offloaded another 25,662 Coinbase shares on Thursday — worth $6.4 million — as the investment firm continues to rebalance its fund weightings.Ark’s latest sales come as investment bank and financial services firm Oppenheimer raised its price target for COIN to $276 while reiterating its buy rating.