Xing Ge Talks Crypto | July 8th ETH Today's Strategy

Entry Point: 1730 - 1740
Stop Loss: 1710
Take Profit Targets:
First Target: 1780 - 1790
Second Target: 1820 - 1830
Stay disciplined, do not forcefully chase one-sided trends! Let's patiently wait for a pullback and snipe precisely.
Latest Geopolitical Developments:
The Middle East ceasefire negotiations are once again deadlocked, with Iran and Israel accusing each other of violating the agreement. However, market risk aversion hasn't overly escalated; instead, funds are starting to bottom-fish digital assets. WTI crude oil jumped 3%, gold broke above 2380, and BTC's property as digital gold is being re-recognized by the market.
Jin Shi Data Latest Updates:
The US June CPI data will be released tonight, but the US June PPI data released in the early session unexpectedly declined, reigniting market expectations for a Fed rate cut in September. The US Dollar Index eased slightly, funds began flowing into risk assets, and ETH, as a high-beta asset, is poised for a catch-up rally.
Institutional Fund Movements:
BlackRock's IBIT saw a net inflow of over $120 million yesterday, hitting a three-week high. Coinbase institutional account balances have increased for three consecutive days, with big money quietly positioning. Meanwhile, Ethereum 2.0 staking hit a new high, and spot demand continues to recover. $ETH #GUSD年化升至3.8%