Recently, the fluctuation in the Ethereum market has attracted attention. Yesterday, the coin price attempted to break through the $4336 mark but failed to stabilize effectively. Currently, the ETH price has fallen back to around $4190, with several trading cycles showing signs of a top divergence, which may indicate potential downward risk.



In terms of short-term trends, although ETH shows a falling trend, it has not yet broken through the key support level. Market participants should closely follow the important support level of $4160; if this level is breached, it may trigger a larger decline.

It is worth noting that the cryptocurrency market is experiencing some significant events. Bitcoin's market value has surpassed Amazon, breaking the $120,000 barrier again; Binance has launched a new Alpha project; MicroStrategy CEO Michael Saylor hinted at possibly increasing Bitcoin holdings; meanwhile, there are reports that Trump supports allowing 401(k) retirement plans to invest in cryptocurrencies.

These events may impact the entire cryptocurrency market, including mainstream tokens like Ethereum, which may be affected. When making decisions, investors should not only focus on the technical aspects but also fully consider the potential impact of these macro factors.

The current market situation is complex, and it is recommended that investors remain cautious, closely follow market trends, and implement effective risk management. Do not blindly chase rising prices or sell off in a panic; instead, develop reasonable trading strategies based on your own risk tolerance and investment goals.
ETH-4.36%
BTC-3.89%
TRUMP-6.79%
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HappyMinerUnclevip
· 20h ago
buy the dip has been bought at halfway up the mountain.
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ServantOfSatoshivip
· 08-13 11:10
Who can withstand the Bear Market that has arrived?
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MrDecodervip
· 08-13 07:25
Who isn't an All in king?
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LookAtHim.vip
· 08-11 13:20
Sit tight and hold on, we are about to To da moon 🛫
View OriginalReply0
ValidatorVikingvip
· 08-11 12:48
maintaining node uptime since 2018. validator security is no joke, ser
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GateUser-44a00d6cvip
· 08-11 12:46
The four thousand E is about to reach five.
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GateUser-a180694bvip
· 08-11 12:37
If it falls back to 4000, I'll run.
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