Today ETH plummeted from $3000 directly to $2805. Do you think it's just a normal pullback? Too naive. This wave of sell with bearish market is like a meticulously designed trap - most people are still guessing the bottom, unaware that the real manipulators have already set the stage.

This is not just a simple fluctuation in the crypto market. Global capital is experiencing a collective anxiety, and our wallets happen to be at the center of the storm.

**What is the market waiting for? Data. Everyone is waiting for data.**

The current market situation is like the eerie calm before a storm. Bulls are afraid to chase, bears are hesitant to sell, trading volume has shrunk to a pitiful level, yet price fluctuations are exceptionally intense. Why? Because the market is recalculating the equation of global liquidity, and every asset is waiting for that answer.

In summary, any slight change can trigger a chain reaction.

**The real bomb is hidden here:**

**Bomb No. 1: The Economic Health Report Will Be Revealed Tonight**
The US November ISM Manufacturing PMI will be released at 23:00 Beijing time tonight. Don't underestimate this number; it's like doing a CT scan of the global economy.

Strong data? The Federal Reserve may continue to maintain a high interest rate policy, the dollar strengthens, and risk assets like Bitcoin and ETH come under pressure; Weak data? The market will worry about a hard landing for the economy again. In any case, regardless of good or bad, volatility will soar.

**Bomb No. 2: The Federal Reserve Falls Silent**
Starting today, all officials of the Federal Reserve enter a quiet period and will not be able to speak until after the next monetary policy meeting. This means that the market has lost any official hints and can only trade based on data and imagination.

This information vacuum is most likely to breed panic. Without authoritative voices, the market will scare itself.