Has Ethereum hit the bottom? How far can this rebound go? The positions given by Coin Sister can't be said to be very accurate, but there is almost no deviation.

Although the integration of ETFs has led to outflows, this thing actually doesn't have much reference significance; this round of the bull market still has a long way to go.

Bitcoin is at 112,000, Ethereum is around 4,060, and the daily trend hasn't hit the bottom yet. It is estimated that it will take another 1-2 days. Moreover, this round of Bitcoin's decline hasn't affected altcoins too much; they didn't crash like before. The probability of interest rate cuts in September is quite high. If Bitcoin and Ethereum continue to rise afterwards, there is a high probability that altcoins will experience a significant rally. The short-term positions given to everyone have basically all been reached, except for some altcoins like LINK, which have remained strong and haven't reached yet.

For this rebound in Ethereum, first watch if it can break through 4,500. It will still retest and confirm in the next couple of days; if it closes above 4,000, just hold on to it. #加密市场回调