$ETH Both events on Friday are very important. One is the release of non-farm payroll data. From the current perspective, both good and bad unemployment data are considered positive. An increase in the unemployment rate may raise expectations of the Federal Reserve cutting interest rates. A decrease in the unemployment rate indicates that the US economy remains optimistic. However, a rate adjustment in January is likely unlikely, and any adjustments after March will be more about the direct game between Trump and the Federal Reserve.

The other, even more important event is the potential Supreme Court ruling on Trump's tariffs tomorrow. If the ruling finds Trump's tariffs to be illegal, it would be good for easing US inflation and would also help the Federal Reserve in choosing to cut interest rates. However, for Trump and his administration, it could be uncomfortable and may also impact Trump's approval ratings. A pullback to around 3056-3025 could be a good entry point for long positions, with a rebound target around 3150-3200.