Brothers, today the ETH market makes people anxious yet a bit itchy — this 4500 level has held firm, not like the previous days where it dropped right away. In this wave of fluctuations, there are actually small opportunities hidden. Let's break it down and discuss.
First, look at the overall market: US stocks were all over the place last night, with little impact on ETH.
Yesterday, US stocks were like a roller coaster: opening low and rising, then correcting in the late night, finally closing with a flat K-line. Nvidia's earnings exceeded expectations, and it was thought to drive some sentiment, but the market reacted mildly — this isn't bad for the crypto space, indicating that ETH is not overly correlated with US stocks right now, and its own rhythm is more stable.
Focus on the 4500 level: it dipped near 4480 several times yesterday but was pulled back, indicating that there is buying support below. So today, there's no need to panic; testing the waters with a light position is fine, don't rush to go all in, wait for later signals to add more.
Remember the two risk points, don't rush in with a heated head.
The end of the month will close the monthly line, and there may be a pullback.
In a few days, August will close, and veteran followers know that when the monthly line closes, the market is prone to "shaking" — some will cash in on monthly profits, while others fear a poor monthly close and will exit first. So don't expect ETH to surge suddenly. The fear and greed index is also stable, with half watching and half testing positions, indicating everyone is waiting for August to pass, and no one dares to push too hard; let's not be the first to take a risk.On September 5th, unemployment rate data will be released; institutions are currently "secretly stocking up".
On the 5th of next month, the August unemployment rate will be announced, which directly relates to whether the Federal Reserve will lower interest rates. Now institutions are moving in advance: deliberately pressing prices down while slowly accumulating positions, waiting for the data to come out and then leveraging "rate cut expectations" for a strong push. So September is likely to be an explosive month, but it’s not the right time yet; don’t rush to heavily squat on the midline.
Today's ETH operation: just catch small fluctuations around 4500 and take profits when you see them.
Short-term traders (take small profits and run):
Entry point: Enter with a light position near 4500. If it drops to 4480 or 4460, add in two batches (for example, enter with 30% initially, add 20% at 4480, and another 20% at 4460). Don't go all in at once.
Take profit: Sell when it rises to 4550-4600, don't be greedy! The market is unstable now, making a few dozen dollars in profit is enough; cash in hand is what counts.
Stop loss: If it drops below 4450, don't hold on, just exit — if this level breaks, it may drop to 4400 before it holds, don't let small losses turn into big ones.
Looking to squat on the midline (don't rush, first check this position):
Now isn't the time for medium to long-term positions, but if you really want to lay out, the 4400-4500 range can be slowly accumulated: for example, enter with 20% at 4450, then 30% at 4400, don't exceed 50% total, and wait for clearer signals in September to add more.
Finally, one more reminder: don’t be greedy!
The market is currently in a "wearing phase": neither surging nor plummeting, just swinging back and forth, waiting for the end of the month and September data to set direction. We retail investors shouldn't blindly mess around; take some short-term profits and run, try small positions for medium-term, and we'll increase our strength based on later signals.
