The recent interest rate decision by the Fed met market expectations, keeping the current interest rate level unchanged. Fed Chairman Powell expressed a cautious attitude in his post-meeting remarks, leaving the decision on whether to cut rates in September to future economic data.

This decision triggered significant volatility in the financial markets. The price of Ethereum (ETH) completed a five-wave downward structure on the 4-hour chart, then broke through the descending trend line and started to rebound, currently focusing on the support level around $3815. Market participants are closely watching the upcoming important economic data and trade policy news that could affect the market, hoping to find better entry opportunities.

It is worth noting that this Fed meeting saw a rare occurrence: two members voted against, which is the first time in the past 30 years. This may reflect the potential impact of the American political environment on monetary policy. As Powell's term is set to end next year, the future direction of Fed policy may change, and the likelihood of interest rate cuts may increase.

The recent digital asset report released by the White House has also attracted market attention, indicating that cryptocurrencies and blockchain technology are gradually becoming important areas for policymakers to consider.

Overall, the current financial market is at a delicate balance point, and investors need to closely monitor economic data, policy trends, and various market signals to make informed investment decisions.