Ethereum Market Analysis, Cool Boss's View Today

Yesterday, the US stock market opened low and rose high, with fluctuations and corrections through the night, adjusting the daily candlestick. Nvidia's earnings report exceeded expectations, but the market appeared somewhat subdued. The current trend shows strong support at the 4500 level, allowing for temporary light positions, with plans to add later.

There are two factors contributing to the instability of the market. First, as we approach the end of the month, one should be cautious of a correction in the market. The fear level and greed index are in a balanced state, indicating that market expectations are not very high, and many are waiting to get through August. Second, on September 5th, the unemployment rate for August will be announced, and major institutions will be positioning themselves in advance, lowering the average price as they continue to enter the market. The expectation of interest rate cuts will ferment in advance, making September a month of potential explosion.

For today's ETH operations, I personally suggest continuing to go long around the 4500 level. If you earn from small fluctuations, it's wise to take profits. It is not yet time for medium to long-term positions; for those looking to make medium to long-term investments, the 4400-4500 range is a good area to position. For short-term, you can gradually enter around 4500-4480-4460, providing safe positions for adding, and wait for further instructions from Cool Boss. Do not be greedy! $ETH #ETH走势分析