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Greeks.Live: The community is focusing on the key resistance level of $4,000 for Ethereum and the impact of interest rate cut expectations on the market.
4hours ago

According to Odaily Planet Daily, Greeks.live macroeconomic researcher Adam released a Chinese community briefing, noting that the group is generally optimistic about the market, with particular attention paid to $4,000 as a key resistance level for Ethereum and the impact of interest rate cut expectations on the market. Most traders believe a reversal is possible in mid-to-late August, but remain cautious about short-term fluctuations, believing that the current low volatility environment is more suitable for option selling strategies. Trump's executive order, which plans to allow 401(k) pensions to invest in cryptocurrencies, is boosting market sentiment. However, traders caution that similar policies have historically had limited effectiveness, and current funding rates and long-short ratios do not support a significant increase.