#巨鲸行为分析 After the end of the interest rate cut until Friday, will the market experience one last fall? It is worth pondering. Looking back at last year, Ethereum achieved an astonishing 57% rise in November; how will this year's situation develop?

After the last interest rate cut, Ethereum rose from 4400 to 4600 overnight, but then entered a continuous adjustment and fall stage. Will this narrative pattern play out again? Although it has experienced a previous crash, funds are still continuously being allocated, which may lay the foundation for the market in November. From November to December last year, Ethereum rose by 57%. With the continuous inflow of ETF funds this year, is there hope to surpass last year's performance?

From the weekly chart, 3970 is currently a key support level, while 3860 is a stronger support point, which has shown a pin bar phenomenon. This pin bar indication in the market is very obvious and may be providing entry opportunities for investors. ETF funds continue to flow in, with little sign of large-scale outflows, and overall market sentiment remains bullish. However, ordinary investors find it difficult to endure the market's volatility, and at this stage, a strong bullish candlestick may be needed to attract more investors to participate.

In the short term, Ethereum's funding rate has turned negative, indicating that some funds are exiting the market. Positive news often turns into negative news after it materializes, and market fluctuations may continue for a while. Retail investors should be prepared to exit the market at any time, while those holding spot may consider a long-term holding strategy.