Tonight at 20:30, the US non-farm payroll data for September will be released. This set of numbers could become a turning point for ETH's trend—will it break above 3200 or revisit 2850? We will find out in the next few hours.

Review of last night's market: The contradictory signals released within the Federal Reserve have turned the market upside down. Around 11 PM, hawkish member Bullard suddenly stated that "the inflation target has not been met, and the time for interest rate cuts has not come." As soon as the news broke, ETH fell sharply, dropping from 3102 to 2873 within 15 minutes, a decline of 229 points. According to CoinGlass data, within half an hour, the total loss of ETH holdings across the network exceeded $420 million, with a large number of long positions stopping out below 2900.
But the plot quickly reversed. At 3 a.m., Federal Reserve Vice Chairman Powell's statement reassured the market: "The plan for interest rate cuts in December remains unchanged, and the current interest rate level is sufficient." ETH then began a V-shaped rebound, recovering 29 in 30 minutes.