ETH Survival Line Exposed! Should Retail Investors Buy the Dip or Escape?

ETH is currently stuck at the critical level of 4300 today. Last night, the SEC suddenly postponed the Ethereum ETF decision, causing the market to plummet to 4279, but within an hour, it bounced back to around 4300. It's clear that the main players are engaging in a psychological battle of 'sharp drops and sharp recoveries'! Experienced traders know that this kind of movement is either to clear leverage or a counterattack against news traders.

Additionally, last night, there was a surge of 230 million USD in ETH long positions across the network, but the contract open interest on exchanges actually increased, indicating that large funds are lurking.

On the news front, there is a bombshell tonight: at 8:30 PM, the Federal Reserve will announce the meeting minutes. If it hints at a rate hike in September, ETH could drop again; however, Vitalik just tweeted to suggest that 'Layer 3 has made breakthrough progress', which could trigger a rebound at any moment.

August is already the most tumultuous month in the crypto world, and ETH is like a tightly wound spring right now. Follow me to not miss out on the first-hand information and seize the opportunity in the bull market together! #加密市场回调 $ETH