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.
ETH3.01%
BTC1.9%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
GmGnSleepervip
· 15h ago
Still hesitating, waiting for a fall.
View OriginalReply0
RektDetectivevip
· 08-01 23:13
It also depends on the long term trend.
View OriginalReply0
GateUser-c802f0e8vip
· 08-01 05:50
Continue to stick to swing trading
View OriginalReply0
ForkMastervip
· 08-01 05:48
The key is whether the support can hold.
View OriginalReply0
CoffeeNFTradervip
· 08-01 05:41
Bearish means vitality.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)