Several key data points to watch next week 📊

These data points directly determine the sentiment of the US stock market, and whether the US stock market strengthens will also affect whether ETH can surge and stabilize:

Thursday

🇺🇸 Initial Jobless Claims: Employment conditions directly reflect risk appetite;

🇺🇸 Q2 GDP Revision: If economic growth deviates significantly from expectations, the US stock market may experience drastic fluctuations.

Friday

🇺🇸 Core PCE: The inflation indicator most closely watched by the Federal Reserve, the 2% target is based on this;

🇺🇸 Consumer Confidence & Inflation Expectations: Directly impact capital flows and market expectations.

The logic is straightforward:

Good data → US stock market strengthens → Risk appetite increases → ETH has a chance to reach new highs;

Poor data → US stock market corrects → ETH faces pressure.