CoinVoice has learned that, according to 4E observations, Tom Lee's team analyst Mark Newton pointed out that Ethereum (ETH) has a good risk-reward ratio around $4300. If the bull market trend continues, ETH is expected to rebound from this level, breaking through $5100 and climbing towards the $5400-$5450 range, which has significant technical implications. Newton accurately predicted last week that ETH would find a bottom near $4070.
On-chain trader sentiment remains aggressive. Lookonchain monitoring shows that 'Brother Ma Ji' has continuously increased positions in ETH, BTC, HYPE, YZY, and PUMP during the market downturn, with overall unrealized losses approaching $8 million. Meanwhile, BiyaPay analysts pointed out that after ETH reached an all-time high of $4956, trading volume did not significantly increase, suggesting potential short-term pullback pressure and a risk of dipping to $4000.
In terms of macro, political risks in the United States have intensified. Trump signed an executive order dismissing Federal Reserve Governor Cook, raising market concerns about the independence of the Federal Reserve, leading to a weaker dollar and significant gains in non-dollar currencies and gold. Both CICC and UBS have warned that Powell's speech at Jackson Hole should not be seen as the starting point of a series of easing measures, and the politicization of the Federal Reserve could drive up actual borrowing costs.
Institutions remain bullish on the long-term logic of ETH. Fidelity's latest report states that Ethereum has the potential to become the core of global collaboration, but it still needs to address challenges in value capture posed by competing chains and modularization.
4E reminds investors: The technical outlook for ETH is positive alongside institutional expectations, but short-term volatility is increasing. Coupled with macro and policy uncertainties, investors are advised to pay attention to support and resistance ranges, and to grasp the rhythm of their positions. [Original link]
