After a week of silence, the Crypto Assets market has once again welcomed significant movements. Ethereum (ETH) has approached historical high points, just a step away from creating a new high. This trend confirms previous market expectations that a good market condition would emerge in mid to late August.

This week, several publicly listed companies in the United States have collectively purchased over 2 million Ethereum, with MicroStrategy making a significant entry. At the same time, the latest announced CPI data conveys a positive signal, and the expectation of an interest rate cut in September has become a certainty, serving as a key factor driving the market's strong upward trend. Currently, the focus of market discussion has shifted to whether the rate cut will be 25 basis points or 50 basis points.

Based on the current data, the bullish trend of Ethereum remains strong, with a low probability of exhaustion in the short term. In the absence of major negative factors, there is still room for Ethereum to rise. Nevertheless, considering the recent significant gains, investors inevitably worry about whether institutions and large holders will suddenly sell off, leading to market turmoil. However, based on multi-faceted data and macro trend analysis, the probability of this happening in the short term is relatively low, and it remains relatively safe in the next 1-3 months.

If the Federal Reserve decides to cut interest rates by 50 basis points in September, it could become the next driving force, further igniting enthusiasm for Ethereum, other Crypto Assets, and the entire market. Although the market has looked promising since April and Ethereum has already more than doubled, caution should still be exercised, and blindly chasing highs is not recommended. Investors should be prepared for swing trading and seize appropriate entry opportunities.

It is worth noting that the U.S. unemployment claims data will be released tomorrow night at 20:30, and Federal Reserve officials will also be giving speeches, which may trigger market volatility. From a technical perspective, the support level for Bitcoin on the 4-hour chart is $20,786, while the resistance level is $18,619; for Ethereum, the support level on the 4-hour chart is $1,574, and the resistance range is $1,690-$1,725.

The current market sentiment indicator shows a fear index of 74, which is in the greed zone. The 4-hour long-short ratio is 47.0% to 53.0%. In addition, the on-chain data analysis platform Santiment points out that Ethereum whales are buying ETH that retail investors are selling, which may indicate a further strengthening of the market.

In such a market environment full of opportunities and challenges, investors need to maintain a clear mind, seize opportunities, control risks, and be prepared for long-term investments.