Recently, the fluctuation in the crypto assets market has intensified, and many spot investors are feeling uneasy, questioning whether we have entered the bear market phase. However, from multiple analyses, the current situation is not as pessimistic as it appears on the surface.

In fact, the current market fluctuation is mainly influenced by international political situations and short-term emotional fluctuations, resembling more of a market washout rather than a trend reversal.

The market's severe fluctuation does not equate to the arrival of a Bear Market. In the recent market, although the decline of mainstream coins has led to a significant correction in many altcoins and a large number of liquidations in the contract market, the data shows that institutional funds are seizing the opportunity to position themselves.

According to Ethereum ETF data, institutional investors continue to increase their holdings of ETH, with several large holding addresses accumulating at low levels in the $2300-$2900 range. At the same time, while retail investors are panic selling, American capital is aggressively entering the market to buy the dip.

Geopolitical conflicts have become a catalyst for market adjustments. Recently, the U.S. support for Israel's military actions against the Iranian capital has become a significant bearish factor, causing the ETH price to briefly fall below $2480, touching the strong weekly support level of $2450. However, it is worth noting that the price quickly rebounded and re-established itself above $2500, indicating that there is consensus in the market within this price range, and funds are actively defending the market.

The Federal Reserve's policy meeting has become a key variable for short-term market trends. Although the market generally expects interest rates to remain unchanged, what truly affects the market is whether the Federal Reserve Chairman's tone leans towards dovish or hawkish. Considering the current economic situation in the United States, there is a greater likelihood of releasing relatively accommodative policy signals, which may provide support for the market.

For short-term trading strategies, investors may consider lightly positioning short positions before the US stock market opens, grasping the rhythm amidst market fluctuations. If market sentiment stabilizes after the Federal Reserve meeting, the $2450-$2500 range remains an ideal low-entry area. Overall, the long-term trend of the market still leans towards upward movement, and investors need not panic excessively.