When the news front is turbulent, K-lines become the battleground of bulls and bears — last night's rise in US stocks provided a torch, this morning Trump's tariff sword, and Daley's cold water in the early hours, all manifesting the truth on ETH's critical line at 3700!

How does the news cycle impact ETH?

US stocks opened higher:
The Nasdaq leads the charge, providing a breath of oxygen for cryptocurrencies, with ETH briefly hitting new highs. But be cautious: the correlation between cryptocurrencies and stocks has weakened recently, and large funds have learned to sell on good news as a routine operation.

Trump's tariff sword:
A statement of "significantly increasing tariffs on India" directly triggers risk-averse sentiment, three details that insiders quickly understand:

India is the largest OTC market for USDT, and the tariff war could freeze computing power liquidity.

Historical script: In March 2024, Trump's comments on tariffs with China caused ETH to plummet by 12% in a single day.

In the early hours, 5000 consecutive sell orders for ETH/USDT appeared on Binance, suspected to be a stop-loss from an Indian whale.

Daley's follow-up:
This third-in-command of the Federal Reserve hints that "inflation is stickier than expected", effectively signaling that there will be no interest rate cuts in September. The fatal impact:

The US dollar index jumped 0.8%, and the ETH/BTC exchange rate fell to 0.054.

On-chain data shows a net outflow of 12,000 ETH from CEX in the past 6 hours, institutions are withdrawing!

Technical analysis

Suppression suffocation zone:
The 1-hour BOLL midline precisely suppressed at 3770, with all 11 attempts to break through since August 4 failing. A similar pattern appeared in May 2024, resulting in a 22% drop in 3 days!

Liquidation danger zone: the biggest pain point remains at 3700.

Tonight at 20:30, the non-farm payroll bomb is coming — if employment data exceeds expectations, Daley may hawkishly respond again!#ETH🔥🔥🔥🔥🔥🔥

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