100 points for profit, to be reasonable, not a bit excessive 😂

The recent market decline has largely been triggered by PPI data exceeding expectations. Looking back to early August, ETH once surged to the $4200-$4300 range, but then gradually weakened starting from August 9, entering a fluctuating downward channel. Although it quickly rose to $4700 after the CPI was released, the main reason was the market's warming expectations for interest rate cuts, leading institutions to increase their allocation of risk assets. However, after the PPI was released, expectations for interest rate cuts quickly cooled, causing institutional funds to withdraw and resulting in ETH's continued decline. Based on this logic, the bottom area of this adjustment may fall near the price range of August 9, specifically around the $4050–$4150 line. The current position should not be overly pessimistic, as the opportunity for a rebound may be approaching.