#ETH突破4400

In the short term, the outlook for ETH is relatively optimistic, with hopes for continued upward movement, but caution is also needed regarding the risk of pullbacks.

From a price performance perspective, on August 12, ETH reached a high of $4332.32, marking the highest point since the end of 2021. Continuous inflows of institutional funds are an important driving factor, with net inflows into US ETFs tracking ETH reaching $1.02 billion on August 11, setting a historical single-day record, with financial giants like BlackRock and Fidelity buying in for five consecutive days.

On the technical front, although there is a divergence between volume and price for ETH, indicating that upward momentum may be insufficient, the moving averages are in a bullish arrangement. If it can break through $4375 with increased trading volume, it is expected to continue rising. If the price retreats, the dense trading area around $4250 can provide strong support, but if it falls below $4160 with increased volume, it may turn bearish.

In terms of the macro environment, the market is betting that the Federal Reserve may cut interest rates, which would weaken the dollar's attractiveness. As an income-generating asset, ETH is likely to attract more capital inflow. However, in the short term, caution is needed regarding the volatility risks posed by profit-taking pressures and uncertainties related to regulatory policies. $ETH #以太坊生态回暖