The latest initial jobless claims data was released on January 22, and the resilience of the U.S. labor market has become the focus of the market. As a high-risk asset, Ethereum is immediately facing a macroeconomic test. This core data, which directly influences the direction of the Federal Reserve's monetary policy, will determine whether Ethereum will face a liquidity crisis or find an opportunity for a rebound due to interest rate cut expectations. The current market answer is about to be revealed.

Fundamental analysis:

In recent months, the data has remained relatively stable, with no sudden changes. The data is slightly higher or lower, and my personal judgment is that it has little impact on the overall trend, still maintaining a bearish trend.
Technical analysis:

From the 1-hour trend perspective, the market is at a point of choosing a direction. A pullback to the resistance level and a strong upward breakout near 3065 can allow for long positions. If the market tests the resistance level near 3065 multiple times without achieving a strong upward breakout, it will likely show signs of bearish weakness, increasing the probability of a market decline.
Comprehensive view: personal suggestion, for conservative investors, it is advisable to stay on the sidelines and wait for a strong upward breakout past the resistance level before considering a small position.
Aggressive investors can short near the resistance level.
The blockchain dynamics are unpredictable; understanding is key. Grasping the underlying logic of blockchain is essential to maintain a foothold in the industry wave. We will see in-depth analysis in our next issue.
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