#美联储恢复降息进程 Ethereum, as the world's second-largest encrypted asset by market capitalization, has indeed made people sweat recently. A while ago, the summer market was quite stable, peaking at 4900 in August, but this month it opened with a sharp fall of 6-7%, and now it's hovering around 3300. Can it regain 4000 by the end of the month, or will it continue to retest the 3000 support? No one can say for sure at this point.

The attitude from the Federal Reserve is quite tumultuous – they just slightly cut interest rates at the end of October to give the market some breathing room, and then immediately stated that future interest rate cut expectations are unclear, causing investor sentiment to tighten up again. However, from another perspective, the fundamentals of Ethereum are actually strengthening.

The U.S. has given the green light for the Ethereum ETF, and traditional financial giants like BlackRock and Bitmine have clearly intensified their布局 efforts. In particular, Bitmine is said to have hoarded over 3.39 million Ether, accounting for 2.8% of the circulation, and their goal is to capture 5% of the entire network. Other large wallets holding between 1,000 and 100,000 Ether are also following suit, collectively increasing their holdings by another 1.6 million Ether.

In addition, there is an expectation of a technical upgrade for the mainnet in December, which are all favorable factors in the long term. Although there are severe fluctuations in the short term, the continued accumulation of positions by institutions and whales during the decline somewhat indicates that professional players' confidence in Ethereum has not been shaken. Of course, the market has risks, and everyone should make decisions based on their own risk tolerance.