#以太坊行情技术解读 $ZEC $ETH

The Federal Reserve's end-of-year actions this time are very complex signals. I must clarify them with you.

**Liquidity is coming**

The third rate cut has already been implemented, but the real big move is still ahead — starting in 2026, purchasing bonds directly by 40 billion USD each month. This is not small water; it’s real gold and silver liquidity injection. The market immediately perked up upon sensing this, and the "Christmas rally" rumors are indeed high. For risk assets, this is equivalent to a direct shot of confidence booster.

**But the key is here**

Don’t be fooled by superficial prosperity. The dot plot clearly indicates that at most, there will be one more rate cut next year. If Powell still talks hawkish, you must understand one principle: this is a "mouth hiking rates, hands providing liquidity" combination. Two forces are fighting each other, and the outcome is still uncertain.

What’s more heartbreaking is that US economic data are all delayed. How will key indicators actually move? No one really knows for sure. If the data come out strong, all easing expectations could be overturned. At that point, it won’t be Christmas red envelopes but a large-scale leek-cutting scene.

**So how to play this move**

You can participate using this wave of liquidity, but remember a few iron laws:

- Enter with a light position, always set a stop-loss. Don’t think about going all-in.
- Focus on assets sensitive to liquidity, crypto assets react most directly.
- Keep some cash on hand. When economic data are released, volatility could be fierce.

In short, this wave of liquidity injection is essentially a "prevent liquidity shortage" operation, not the start of a new bull market. The market exists, but the foundation is still very fragile. Are you planning to just take a quick profit and run, or do you dare to go all-in? Do your own calculations.