📊 [The CPI data for August is out, where is ETH headed?] 📊

On September 11, 20:30 Beijing time, the US August CPI data will be released!

· Overall CPI Year-on-Year: 2.9% (Previous Value 2.7%, Expected 2.9%)
· Core CPI Yearly Rate: 3.1% (excluding energy and food)
The data meets market expectations, but inflationary pressures persist 🔥. ETH reacted steadily on the day, temporarily holding the 4400 USD mark.

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🔍 Data Interpretation and Market Impact:

1. CPI meets expectations, and the Federal Reserve's policy may remain cautious.
· Inflation slightly higher than the previous value (2.7%), but not significantly exceeding expectations. The Federal Reserve may maintain a "wait-and-see" attitude in the September interest rate meeting.
· Probability of rate cut: If subsequent data cools down, the expectation of a 50 basis point rate cut in September still exists (probability 88%).
2. ETH technical strength consolidation
· Current price: 4400 USD (close to the historical high of 4945 USD).
· Bullish pennant formation: The daily chart shows a bullish pennant, with the target pointing to $5000-6000 after the breakout.
· Key level:
· Support: 4300-4330 (short-term), 4200 (strong support)
· Resistance: 4450-4500 (a breakthrough would open up upward space).
3. Positive Factors in Capital and Ecosystem
· Continued inflow into ETFs: Daily net inflow of 171 million USD (only 44 million the previous day), with a total inflow exceeding 12.84 billion USD.
· Ecological Activity:
· The supply of stablecoins increased by 11% month-on-month, reaching 157 billion USD📈
· The total value locked in DeFi has surpassed 20 billion USD.
· The number of transactions has risen to 22.7 million (strong on-chain activity).

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💡 Operation Recommendation:

· Short term: If ETH breaks through the resistance at 4450, you can follow up with a long position, targeting 4600-5000 USD.
· Medium to long term: If the Federal Reserve lowers interest rates, ETH is expected to challenge the historical high of 4955 USD and set a new record.
· Risk Warning: Market volatility still exists after CPI, and leverage risks need to be prevented (set stop loss within 50 points).

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🚀 Why is ETH still optimistic?

1. Macroeconomic Environment: Under the expectation of interest rate cuts, the attractiveness of risk assets (cryptocurrencies, US stocks) is rising.
2. Technical Breakthrough: Bullish Flag Pattern + Increase in Trading Volume, Indicating Accumulation of Upward Momentum.
3. Ecological Explosion: ETF Demand + DeFi/NFT Activity Supporting the Value Foundation of ETH.

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#标签： CPI Data Interpretation #ETH技术分析 Gate Dynamics #加密货币策略 Federal Reserve Interest Rate Cut
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