Employment too strong: Initial jobless claims came in below expectations (205,000), showing a tight labor market with no reason for the Fed to cut rates.

Rate hike expectations reignited: Traders no longer expect rate cuts in 2026 and are even hedging against "rate hike" risks, with global liquidity facing "withdrawal."
Energy game: Yellen attempts to lower inflation through oil measures, indirectly confirming that price pressures remain enormous.
📉 Ethereum (ETH) trend analysis
Short-term: Under pressure and consolidating. Affected by high rate expectations, risk assets are shrinking. ETH will likely follow the broader market to test support levels in the short term, clearing leverage, with a trend biased toward volatile downside.
Long-term: Resilience remains. As long as Ethereum's deflationary mechanism and ecosystem moat exist, the macroeconomic headwinds are temporary. Ethereum in 2026 will lean more toward a "settlement layer asset," with value crystallizing as applications explode.
Profit in bull markets, accumulate coins in bear markets; those who endure this hawkish wind will see the digital gold mountain.$ETH ‌$BTC ‌