News

1. Cryptocurrency Fear and Greed Index dropped to 29 today, in a state of fear

2. Low gas fees make Ethereum's issuance rate currently in an inflationary state

3. QCP Capital: If the non-agricultural data next week is weaker than expected, the reason for the interest rate cut will be more sufficient

There is always a calm before the storm. The daily market of Ethereum has never been able to break through the 2823-2433 range. The overall trend is in a wave form. Under this form, it is expected that there will be no more major market conditions before September 6. In terms of operation, everyone will see good results. The outflow of funds in the spot market will drive the long-term selling of the contract market to trigger a wave of declines. In terms of operation, the short-term hourly line is bearish in the afternoon session and bullish in the evening US session.