100TimesStableNumber

Market Report for August 16
1. Core Judgment of ETH Market
ETH is currently facing the biggest test of this main upward wave, influenced by the pressure from historical peaks, with a low probability of a strong breakout in the short term. If it fails to return to the 4800 level in the next two days to attempt a breakthrough, it may face 1-2 weeks or even longer of sideways accumulation.
2. External Environment and Cycle Support
- Trump's meeting with Putin may ease local conflicts, which is positive for risk assets;
- The daily trend of the US stock market is normal, the previous sharp
View Original1. Core Judgment of ETH Market
ETH is currently facing the biggest test of this main upward wave, influenced by the pressure from historical peaks, with a low probability of a strong breakout in the short term. If it fails to return to the 4800 level in the next two days to attempt a breakthrough, it may face 1-2 weeks or even longer of sideways accumulation.
2. External Environment and Cycle Support
- Trump's meeting with Putin may ease local conflicts, which is positive for risk assets;
- The daily trend of the US stock market is normal, the previous sharp
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