Tonight, the thing that cryptocurrency enthusiasts are most concerned about is the CPI data and its impact on the subsequent market trends. Let's analyze the Ethereum market with A Fei.
Overall, the situation today is relatively weak for other cryptocurrencies except for ETH. On one hand, large institutions are waiting and watching; on the other hand, there are profit-takers exiting from ETH. The CPI announced tonight will undoubtedly influence the overall market direction. A Fei, let's chat about my personal views on ETH with the brothers and fans.
Currently, there are obvious signs of capital bottom-fishing between the support levels of 4230-4260 in the four-hour timeframe. Regarding the CPI outlook, while the announced results can affect market trends, overall, the impact won't be very pronounced as it has already been digested throughout the day. As long as the support level remains stable, the market is mainly bullish, and it is expected to break through 4600.
Tonight, pay attention to entering long positions between 4240-4260 for Ethereum.
Tonight’s layout includes various cryptocurrencies, fans who want to profit, hurry up and join in.
