#美联储降息 Midday Observation: Ethereum on-chain funds continue to flow out, and support has been lost on the daily chart.

Key information: Recent chain scan data shows that Ethereum continues to see large amounts of funds leaving, which is not typical retail activity. Looking at the daily moving average structure, the support level below has already been broken. What does this mean? It is highly likely that large investors are adjusting their positions — the market is brewing a noticeable oscillation.

Short-term technical target: Look for a dip towards the 2990 level. Manage risk properly, and set stop-losses at internal support.

Under the expectation of Federal Reserve rate cuts, this wave of large fund movements is especially worth paying attention to. On-chain trends often reflect the true intentions of major institutions in advance.