After $ETH broke through 4420, it shot straight to the price of 4628 that I mentioned at 5 AM, peaking at 4640. This is the last line of resistance above. Currently, $ETH is only 9% away from the high point of 4848 in November 2021. The higher we go, the more resistance there will be to further increases. Besides short sellers, there will also be selling pressure. The current position is a gamble; if it can't break through, it will start to pull back. The ETF inflow yesterday wasn't significant, but the upward movement was stronger than the previous two days. It seems to be a strategy to seize short sellers' positions. If the market continues to rally like this, a crash will eventually happen. When that day will come, we cannot know. I suggest being cautious at this position; the recent volatility has been very strong, with upward movements starting at 100 dollars. The sentiment hasn't cooled down yet, so I recommend focusing on buying low. There is minor support at 4560.
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时光预言机i12.8. klo 21.47
$ETH The evening CPI met expectations, which is a positive sign, and it directly broke through the consolidation range within an hour. It has reached the 4400 position, where there is significant selling pressure. If it breaks through the 4420 level, we could really see a price of 4628. The ETF bought 1.019 billion USD worth of ETH at 4400 on August 11, so let's appreciate the ETH at this level.
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