After three months, Ethereum once again surged by 400 points in a single day under the weakened expectations of the CPI inflation report...
The last time was on May 8th, from 1800 to 2200, and then it started a frenzy of growth. This time it's August 13th, from 4200 to 4600.
With the anticipation of interest rate cuts in September being realized, the contention point this time is either 25 or 50 basis points. If it's 50 basis points, the market will take off once again...
In August, just go long on the pullback. For significant drops, go for spot; for minor drops, go for contracts. If you try to short at the peak, you'll only be eating the correction—don’t think too much about the overall pattern...