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After Ethereum's 10th anniversary, its price trend seems to be changing. Since last night, Ether has broken through a significant support level, and market sentiment has shifted from bullish to bearish. This marks the beginning of a new trading month, and the market landscape may be undergoing a transformation.
It is worth noting that the new round of tariff policy in the United States, originally scheduled to take effect on August 1, has been postponed to the 7th. However, this delay has not had a significant impact on the current trends in the cryptocurrency market. Bitcoin and Ether have returned to their usual trend patterns. Importantly, we must recognize that the tariff policy has only been postponed, not canceled.
For investors, closely monitoring market trends is crucial. Some traders have already closed their long positions when the support level on the 4-hour chart was broken. This highlights the necessity of timely adjusting strategies in the current market environment.
Although external factors such as U.S. trade policies and employment data may have some impact on the market, the cryptocurrency market currently seems to be driven more by its own dynamics. Investors should remain vigilant, closely monitor market signals, and adjust their investment strategies in a timely manner.