The ETH market fluctuation has intensified, and investors need to respond with caution.

Recently, the Ethereum (ETH) market has shown significant fluctuations, with several important economic data sets about to be released, which may trigger larger price movements. Investors should closely follow market trends and manage risks appropriately.

Key Economic Data Release Imminent

This week will see the release of several important economic data.

Thursday 20:15: US August ADP Employment Report Thursday 20:30: US weekly initial unemployment claims data Friday 20:30: US Non-Farm Payroll Report

This data may have a significant impact on the cryptocurrency market, and investors should remain vigilant.

ETH Price Trend Analysis

Recently, the price of ETH has fluctuated sharply, frequently oscillating between $4270 and $4390. The current price hovers around $4308, and the market seems to be at a critical decision point.

Technically, ETH is forming a converging triangle pattern, which typically signals that significant fluctuations are imminent:

• Support level below: $4270 (if it breaks, it may further drop to the $4200-4150 area)
• Upper resistance level: $4415 (breaking through may trigger a strong rise, target price could reach $4500)

Trading Strategy Recommendations

Given the current high uncertainty in the market, investors should adopt a cautious trading strategy:

1. Avoid excessive leverage: High leverage carries great risks in times of severe fluctuations.
2. Set stop-loss: Whether going long or short, strict stop-loss discipline must be enforced.
3. Batch Operations: Consider building or closing positions in batches at key levels to reduce risk.
4. Follow data: Economic data releases may cause significant fluctuations before and after their announcement, requiring extra caution.

For spot investors, it is advisable to consider buying on dips or selling on highs during significant fluctuations, but it is still necessary to control positions and maintain liquidity.

Risk Warning

The cryptocurrency market is experiencing severe fluctuations, and investors must view it rationally and make cautious decisions. Remember not to blindly chase prices or panic sell, and do not take risks in unfamiliar market environments.

Gate, as a leading cryptocurrency trading platform, has always advocated for rational investment. We advise investors to fully understand market risks before trading, allocate assets reasonably, and always maintain calm judgment.

Please remember that any investment decision should be based on an individual's risk tolerance and financial situation. In this uncertain market, protecting your capital is the most important thing.