Price Expectation Trend After ETH Upgrade on the 7th
Two important events next week will impact the absolute price trend of cryptocurrencies.
The announcement dates are all on the 7th, delayed to the early morning of the 8th Beijing time.
1. The Federal Reserve announces interest rate decisions, and Powell delivers a speech.
The Ethereum mainnet upgrade includes the Prague execution layer and the constellation naming protocol layer upgrade.
First of all, the interest rate remains undisputedly at 4.5%. Although Trump has been continuously pressuring the Federal Reserve and Powell recently, the effect has been minimal or even counterproductive.
If there is no new super narrative in cryptocurrency, the price control will struggle to maintain an upward trend, and it may face a correction of about two weeks. This increase will be defined as a rebound rather than a bull market reversal. The accumulation of chips around 83000 may be further liquidated.
The announcement dates are all on the 7th, delayed to the early morning of the 8th Beijing time.
1. The Federal Reserve announces interest rate decisions, and Powell delivers a speech.
The Ethereum mainnet upgrade includes the Prague execution layer and the constellation naming protocol layer upgrade.
First of all, the interest rate remains undisputedly at 4.5%. Although Trump has been continuously pressuring the Federal Reserve and Powell recently, the effect has been minimal or even counterproductive.
If there is no new super narrative in cryptocurrency, the price control will struggle to maintain an upward trend, and it may face a correction of about two weeks. This increase will be defined as a rebound rather than a bull market reversal. The accumulation of chips around 83000 may be further liquidated.
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ETH
1,845.31
+0.49%