The recent performance of the Crypto Assets market is remarkable, especially the strong momentum of Ethereum (ETH). Since the beginning of August, the price of ETH has been continuously rising, nearing its historical high. However, at this critical moment just before breaking the previous high, the market experienced a brief pullback.



This pullback may just be a temporary breather. With the release of the U.S. Producer Price Index (PPI) data for July, the market is once again stimulated. Although the PPI year-on-year rate is higher than expected, this is just one factor triggering market volatility. From an overall trend perspective, ETH is still expected to make another attempt at reaching historical highs.

For investors, the current market adjustment may be a rare opportunity. In particular, some established alternative coins with solid fundamentals may yield good returns when strategically positioned at this time. Considering the potential interest rate cuts that may occur in September, establishing positions before then could be a cost-effective strategy.

However, we also need to remain calm and rational. The sharp rise in the market is often accompanied by risks, so investors should carefully assess their risk tolerance. At the same time, it is important to keep a close eye on market dynamics and macroeconomic indicators, as these factors may have a significant impact on the crypto assets market.

Overall, although there may be fluctuations in the short term, the long-term outlook for ETH remains positive. Investors should develop sound investment strategies, balancing risks and potential returns while staying sensitive to market changes.
ETH0.61%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
OfflineNewbievip
· 08-15 04:33
Oh no, the bull run is coming!
View OriginalReply0
GasFeePhobiavip
· 08-15 03:51
I won't follow blindly to kill bears.
View OriginalReply0
DefiPlaybookvip
· 08-15 03:32
This trend is clearly Large Investors washing suckers.
View OriginalReply0
SigmaValidatorvip
· 08-15 03:31
Lying flat and watching the show, haha
View OriginalReply0
GasFeeLadyvip
· 08-15 03:23
just another day watching gas fees dance... timing is everything, fam
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)