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In the turbulent waves of the crypto market, the fluctuations are not the end, but the starting point of a new storm! Recently, the crypto market has been like a roller coaster, with all kinds of news flying around, and prices jumping up and down. Ethereum, in particular, is caught in the 'eye of the storm' with intense battles between bulls and bears. The price level of 4270 is like a life-and-death checkpoint, where both sides are fiercely contesting. Tonight's PPI data might just be the 'golden rod' that can pierce through this layer of paper!
Message: The macro drama, PPI becomes the key 'supporting role'
Recently, the world has become a complete mess. Israel attacked Hamas leaders in Qatar, and the U.S. non-farm employment data is outrageously bad, with the initial value missing expectations by more than 200,000 and down by more than 300,000 from the previous value. One would think that either of these pieces of news could shake the market, but Ethereum is like a 'calm brother,' steadily holding at the critical support level of 4270.