Last night, the Ethereum market experienced a sharp fall, bringing considerable psychological pressure to investors. Looking back at the recent market, we can see a series of complex macro factors influencing crypto asset prices. The consumer price index ( CPI ) data was favourable information, followed closely by the producer price index ( PPI ) data which brought unfavourable information, leading to severe market sentiment fluctuation.

However, from a technical perspective, the bullish trend of Ethereum still exists. The key support level is in the range of 4440-4376 USD. As long as it does not fall below this range, there is still hope for a breakout above 4800 USD in the short term. The current price correction provides investors with a low entry opportunity, and major tokens that have fallen by about 4%-6% are also worth considering for moderate increases.

For the upcoming market trends, we expect today to focus on repairing short-term technical indicators, waiting to seek new upward opportunities after the indicators are repaired. Investors should remain calm, pay attention to market changes, and adjust their investment strategies in a timely manner. Although short-term fluctuations are inevitable, the long-term development prospects of the crypto assets market are still worth looking forward to.