Focusing on $ETH: Expectations for tariffs and interest rate cuts are tightening, indicating clear short-term pressure signals.

Recently, Trump has signaled an increase in tariffs. This action may not only disrupt the global trade rhythm but has already impacted market sentiment, directly creating a negative effect for $ETH.

At the same time, although Old Bao's statements on inflation and interest rate cuts seem vague, they convey an attitude of "inflation has not yet reached the target level, and there will be no rush to promote interest rate cuts in the short term". This tendency further cooled the market's expectations for liquidity easing, indirectly increasing the valuation pressure on $ETH.

Under the combined effect of these two major factors, the pressure on $ETH in the short term continues to rise. Even though there was a period of consolidation previously, it is highly unlikely that this balance can be maintained, and the probability of a downward adjustment is gradually increasing.