In August, affected by the U.S. financial holidays, it has always been a trading off-season, and historically, cryptocurrency performance has not been good. Coupled with the upcoming speech from the hawkish Jerome Powell and the decline of U.S. stocks, ETH's performance has been outstanding, providing everyone with the best time and region for bottom-fishing. The time is getting closer to the potential 25 basis point rate cut in September. In the future, unless there are major issues with U.S. stocks, there will be trading opportunities in an upward bullish trend. Macro focus should be on U.S. stock risks, cryptocurrency policies, Trump vs. the Federal Reserve, and stablecoins. The industry is paying attention to the next ETF, the Defi bill, and coin-stock projects, etc.