GM, my friends, a single PPI data point is just a trigger for the market. The market has been rising, and it's time to calm down; the increase has been too rapid. From the beginning of August until now, in just half a month, $ETH is nearing the previous high, but there has been a pullback; the resistance at the previous high is still significant.
However, I think this is just a minor pullback, and ETH will again challenge the previous high, breaking through it, especially for some strong altcoins. This pullback is an opportunity to enter the market.
Positioning strong traditional altcoins before the rate cut in September! This is a very cost-effective strategy.