Did you catch the profits from this round of Ethereum short positions? Now ZEC has already surged violently by 30%, so it’s time to reassess the upcoming trends.

This pullback in Ethereum indeed confirmed the effectiveness of the 3250 resistance level. After touching this range, the price immediately dropped by 7%, hitting a low around 3060, with bearish forces being fully unleashed. However, with only 5 days left until the rate cut window, the market could very well stage a bull trap rebound, and a second test of 3400 cannot be ruled out. This level requires extra caution.

If you’re holding mid- to long-term positions, patience is more important at this stage—don’t let short-term fluctuations disrupt your strategy. For remaining positions, you can wait until 24 hours before the rate cut to set up shorts, and use a staggered entry strategy to avoid single-point risk. History shows that after a rate cut is implemented, the market often experiences a “buy the rumor, sell the news” drop. For short-term traders, it’s recommended to take profits on dips to lock in gains, and look for new short opportunities before the rate cut actually happens.

Special reminder: The PCE inflation data will be released tonight at 11 PM. This indicator has a huge impact on Fed monetary policy expectations, and the market may experience significant volatility. I’ll post an update and interpretation as soon as the data drops, so stay tuned.

As for ZEC, the rebound signal I mentioned earlier has played out, with a 30% increase since starting at $300. As the price approaches the 460 area, you can consider going short; there’s also secondary resistance at 420 where you can try, but for safety, I still recommend entering in batches and controlling the size of each position.