Focus on these key data points next week! Directly related to ETH's upward momentum
Next week, multiple key economic data from the United States will be released intensively. These data not only determine the short-term sentiment of the U.S. stock market but also indirectly affect whether ETH can break through and stabilize— the correlation between risk appetite in the U.S. stock and crypto markets has been particularly evident recently.
1. Key data on Thursday (Core influence on U.S. stock market risk appetite)
• U.S. Initial Jobless Claims: As a 'real-time indicator' reflecting the hot and cold of the job market, the level of this data directly maps the market's risk appetite— good employment data indicates strong economic resilience, making it easier for the U.S. stock market to strengthen; conversely, it may trigger concerns.
• U.S. Q2 GDP Revision: This is a 'second verification' of economic growth rates. If the actual value deviates significantly from market expectations (whether significantly above or below), it may lead to sharp fluctuations in the U.S. stock market, which will then transmit to the crypto market.
2. Key data on Friday (A 'barometer' for Federal Reserve policy)
• U.S. Core PCE Price Index: This is the inflation indicator that the Federal Reserve values most (the core reference for the 2% inflation target). The level of this data directly impacts future policy expectations from the Federal Reserve— if inflation falls in line with expectations, it benefits risk assets; if it rebounds above expectations, it may suppress the market.
• U.S. Consumer Confidence Index & Inflation Expectations: The former reflects residents' willingness to consume, while the latter indicates future inflation trends. Together, they determine the flow of funds— strong confidence and stable inflation expectations are more conducive to capital inflow into risk markets (including U.S. stocks and ETH).
Core logic: Data → U.S. Stocks → ETH transmission chain
• Positive data (in line with or exceeding expectations): U.S. stock sentiment strengthens → Market risk appetite heats up → ETH receives capital support, likely to hit new highs and stabilize;
• Poor data (below expectations): U.S. stocks face correction pressure → Risk appetite cools down → ETH faces pressure synchronously, making it harder to reach new highs.
