#加密市场反弹# #Gate广场创作点亮中秋# Last night's CPI (consumer price index) data released by the United States triggered a strong market reaction. The overall data was below expectations, indicating signs of slowing inflation in the U.S., which is favourable information for the market.

The decline in the CPI indicates that the Federal Reserve may slow down the pace of interest rate hikes, which has brought strong buying sentiment to the crypto market, including ETH.
For the cryptocurrency market, especially ETH, the CPI being lower than expected means that more funds may flow into risk assets, further enhancing the upward momentum of the crypto market. Accompanying this is ETH's strong rebound yesterday, breaking through yesterday's support range and stabilizing above 4400.

Combination of CPI data and market trends: The 4600 barrier is about to be broken through.
Combining the release of yesterday's CPI data with the current trend of ETH, the $4600 level has become a key focus in the short term. As inflation data improves, the market's risk sentiment is gradually recovering, which also provides further upward potential for ETH. After ETH broke through the strong support at $4400 yesterday, the momentum for price increases remains strong, and it is expected that the probability of breaking through the $4600 level within this week is very high.
If ETH breaks through 4600 and stabilizes, this price level will become a new support area, opening up space for the upcoming rise. For short-term investors, this will be an important entry signal.

The bullish logic is clearer.
The logic behind the bullish market can be interpreted from multiple aspects, especially in conjunction with the release of CPI data:
Capital flow direction: With the release of the CPI data, the market's expectation for a slowdown in inflation has become increasingly clear, and the trend of institutional funds flowing into risk assets has become more pronounced. As one of the mainstream crypto assets, ETH has become an important choice for capital hedging, driving up its price.
Bullish market sentiment: From the trading volume perspective, the rise of ETH is accompanied by a significant increase in trading volume, indicating that bullish sentiment is dominating the market. With the continued influx of buy orders, ETH is expected to break through the resistance level of $4600.
Technical Breakthrough: ETH has currently broken through several key technical levels, including the resistance in the range of 4410-4450, and the price has begun to stabilize above this range. The breakthrough on the technical front provides a solid foundation for a bullish trend, and the probability of further breaking through 4600 has greatly increased.
Operation recommendations:
Short-term investors can build positions in batches around 4400 and adjust flexibly according to market conditions after a breakthrough at 4600.
Ensure to set take profit and stop loss, maintaining flexibility in your position. If the ETH price pulls back to around 4400, you can increase your position moderately to avoid missing the opportunity for an upward move.

In the current bullish market, controlling your position is very important. Avoid chasing highs, and instead, you can choose to gradually increase your position during pullbacks to reduce the risks brought by market fluctuations.
Do not rush to operate frequently, maintain a calm mind, adjust your strategy in a timely manner, and capture swing opportunities instead of blindly chasing prices up and down.