As mentioned yesterday, $ETH will not break through the 4800 level of 21 years in one go, and will oscillate repeatedly to attract short sellers as fuel. Due to the PPI data today, liquidity is relatively low. In the evening, it may violently test the 4500 support line, mainly because the PPI is significantly higher than expected... This high cost will be transmitted to the market, meaning inflation will still be high. Those who originally bet on a 50bp rate cut in September may reduce the rate cut points or even delay the rate cut in September.
At the first support level of 4500, one can try a short-term long position. After the US stock market opens, there will be market repair, and the market will seek positive aspects from today's data.
$ETH
$RAY
$BERA
