Tonight, the global financial markets will witness an important moment, and the speech of the Fed chairman is undoubtedly the most followed focus. This speech may have a significant impact on the direction of global economic policy, which in turn could trigger drastic changes in the flow of global capital.

If the speech signals a tightening of monetary policy, the market may face pressure in the short term. Investors may shift funds to more conservative assets, leading to a potential correction in the cryptocurrency market. Ethereum may test the support level of $4214, and it could even drop further. Bitcoin, on the other hand, needs to pay attention to its performance around $110,800.

On the contrary, if the speech reveals a relaxed or status quo attitude, Ethereum is expected to break through $4430 and even challenge the psychological barrier of $4500. Bitcoin may try to break through the $120,000 mark again. The entire cryptocurrency market could welcome a wave of bullish momentum.

It is worth noting that historical data shows that during the central bank annual meeting, the volatility of Ethereum usually exceeds plus or minus 5%. Therefore, investors should closely follow the market movements tonight and be prepared for significant fluctuations.

No matter the outcome, tonight's market trend will add a lot of drama to this ordinary Friday. Participants in the cryptocurrency market, please fasten your seatbelts and prepare for the possible market storm ahead.