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Hold onto your chips, ETH has exploded, after the sideways movement, the alt season has begun, the carnival of mainstream tokens has already started..
The U.S. July non-seasonally adjusted CPI year-on-year was announced at 2.7%, expected at 2.80%, and the previous value was 2.70%. After the data was released yesterday, ETH soared sharply, with the probability of a rate cut in September rising to 91%, but the expectations for a rate cut in October remained unchanged. Traders are betting on two rate cuts expected in September and December this year.
I have emphasized to everyone before that the overall direction must be upwards. I mentioned earlier this year that a mad bull market will appear in the second half of 2025, with ETH reaching 10,000. Also, make sure to hold onto your chips. This year, the altcoin washout has been quite thorough.