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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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The recent strong rise of Ethereum has attracted widespread attention in the market. This wave of increase is mainly driven by two favorable factors: firstly, the market generally expects a possible interest rate cut in September, with a probability as high as 90%; secondly, a new executive order allows American citizens to use retirement funds to invest in crypto assets, which undoubtedly injects new vitality into the crypto market.
Driven by this dual favourable information, the price of Ethereum has broken through the $4000 barrier and is expected to continue to rise. Technical analysis shows that if it breaks the historical high, the price of Ether could potentially reach around $9000 in the near future.
However, investors should be aware that the crypto market has always been highly volatile. Although the current situation looks favourable, caution is still necessary, and proper risk management should be in place. The future market direction will also depend on various factors such as the global economic situation, regulatory policies, and technological developments.
In any case, this wave of rise in Ethereum once again proves the potential and attractiveness of the crypto assets market. For investors interested in participating, it is crucial to gain a deep understanding of market dynamics, technical fundamentals, and potential risks. Let us together follow the future development of Ethereum and witness the surprises that this vibrant market may bring.