$ETH An unexpected situation occurred in the early morning - the Fed held an emergency meeting in the middle of the night, which ended in just one hour. This operation is indeed rare.

At 2 AM Beijing time on the 19th, the lights in the conference room blinked on and off. A few unusual points are worth noting: will the interest rate cut be 50 basis points or 75? There is intense internal debate. 29.4 billion in liquidity has already been released in advance; will there be bigger moves ahead? With two consecutive days of closed-door meetings and a repurchase mechanism warning, it would be false to say there is no tension.

Interestingly, the crypto concept stocks in the US stock market began to stir before the market opened—those related to mining and exchanges saw significant gains. The money in Huazun Street is always the most honest; this wave of momentum is somewhat similar to the situation before the last bull market kicked off: the stock market heats up first, followed by the crypto circle.

Speaking of ETH itself. The position of the leading public chain is there, the ecosystem is still growing, and the staking rewards are stable. An upgrade is coming in December, which should significantly reduce Gas fees, benefiting those MEME projects on-chain. The movement of institutional funds is also worth observing; smart money never waits for the market to heat up before entering.

Of course, the risks also need to be clearly understood: the opinions within the Fed are not uniform, and policies may change at any time. The old saying "good news leads to bad news" still holds some truth; friends who are playing with too much leverage need to control their positions.

As for whether ETH can surge to 10,000U? The logic does exist, but the market never follows the script. There are still a few hours until the meeting results come out; whether it's an opportunity or a trap is up to everyone to judge. Those who hold ETH can hold steady, and those who want to enter the market should think carefully about their risk tolerance.

Share your thoughts in the comments: Is it bullish or bearish tonight? Are you planning to increase your position or reduce it?