After the Fed announced a 25 basis point cut in the benchmark interest rate early in the morning, the market experienced significant fluctuations. Ether dropped to a low of 4404 with a Long Wick Candle before quickly rebounding. The current price is under pressure at the 4640 level, showing a pullback. Looking at the hourly market data, the price has formed a gravestone doji at a high level, and the KDJ indicator shows a death cross trending downwards. The MACD shows a decrease in long positions volume. In the afternoon, the overall trend presents a weak pullback, and in the short term, my personal view is optimistic about the continuation of this pullback.