ETH price has surged above 3800! Two major data releases are coming tonight, and hitting 4000 seems possible.
Brothers, ETH is like a rocket today, suddenly jumping to 3825. I reckon this is definitely the big players betting in advance on tonight's two key data points.
At 8:30 PM, the US initial jobless claims data will be released. If this data is higher than expected, it indicates the US economy isn't doing well. In that case, the possibility of the Federal Reserve cutting rates in September will greatly increase, the dollar is likely to drop, and Bitcoin and Ethereum will definitely rise.
At 10:30 PM, the EIA natural gas inventory data will also be released. If the inventory increases significantly, inflationary pressures will decrease. Institutions will definitely adjust their positions overnight, and ETH will become a focal point.
I predict that as long as one of the data points is strong tonight, ETH will definitely knock the shorts out of the park and head straight for 4000. Any pullback is an opportunity, everyone get ready, just follow me and we'll be good to go! Remember to follow my homepage. #比特币流动性危机 关注朱雀趋势