Tonight, the whole internet is focused on the CPI data and its impact on the subsequent market --- ETH market analysis!
The overall trend during the day is relatively weak. On one hand, institutional funds are on the sidelines, and on the other hand, ETH profit-taking is occurring. Tonight's CPI data will affect the speed of the overall market moving forward. Brother Bao will share his views on ETH with the brothers. Currently, there is obvious capital bottom fishing in the support range of 4235-4255 on the four-hour chart. Regarding the CPI data, Brother Bao thinks that the expected announcement will not greatly impact the market because the daily market has already been significantly digested. As long as this support remains valid and stable, the market is still mainly bullish, targeting 4500.
In the evening, focus on entering long positions in the 4235-4255 range for Ethereum. For aggressive traders, enter at the current price, with a stop loss at 4150, and the target remains at 4500-4600 above.
In the evening, I will also let fans enter the market. Those with ideas, act quickly!!
