Aug.8-Aug.14ETH(1d)Weekly market recap
Last Thursday, the US CPI for July was released. The actual value was 3.2%, which was close to the predicted value. Compared with the CPI for June, it has increased, but from the detailed, the core CPI has declined. This is what the Fed is most concerned about. After the release of the CPI , the probability of no interest rate hike for the next FOMC rose to 90%.
Last week, most tokens still maintained low volatility and the prices entered into fluctuation again after a sudden rise and fall.
ETH moved above the green dotted line, which is also a relatively weak support level. After the price approached it, the bulls strengthened. But like BTC, ETH is slowly falling again after rising on Tuesday. Volatility remains low. The trend has no direction. ETH maintains neutral on a large scale.
Conclusion: Mostly fluctuation. The situation is the same as last week, and the gap between bulls and bears is not obvious. We maintain last week's resistance level at 2000 and support level at 1700.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Last week, most tokens still maintained low volatility and the prices entered into fluctuation again after a sudden rise and fall.
ETH moved above the green dotted line, which is also a relatively weak support level. After the price approached it, the bulls strengthened. But like BTC, ETH is slowly falling again after rising on Tuesday. Volatility remains low. The trend has no direction. ETH maintains neutral on a large scale.
Conclusion: Mostly fluctuation. The situation is the same as last week, and the gap between bulls and bears is not obvious. We maintain last week's resistance level at 2000 and support level at 1700.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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