#ETH is less than 100 points away from the new high, the breakthrough is imminent, is the altcoin explosion season coming?
Ethereum is currently less than 100 points away from its historical high, with the previous high point approaching the key position of 4800 USD. Affected by PPI data and the drop in Bitcoin, Ethereum experienced a short-term pullback adjustment.
However, from the overall trend, this round of upward momentum is extremely strong, showing the characteristics of a decisive push, although there is resistance at 4800 USD, the breakthrough is only a matter of time.
On the technical side, short-term support should focus on the low point of 4450 USD from last night, as well as the support range of 4420 - 4380 USD indicated by the EMA indicator. The short-term pressure point above remains at 4800 USD. Once this pressure point is successfully broken, Ethereum will steadily break through its historical high, which may lead to an explosion season in the altcoin market.
#美国7月PPI年率高于预期 #加密市场回调 #以太坊创历史新高倒计时
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