Ethereum has recently experienced a strong pump and has now reached a critical turning point. From a long-term perspective, both the weekly and monthly charts of Ethereum show very attractive trends. However, if we take a closer look at the daily chart, we can see that although three waves of rise have formed, the strength of each wave is gradually weakening. In this situation, investors need to be cautious: if the price continues to rise but the Trading Volume cannot keep up, there may be a risk of divergence.

From the ETH/BTC trend, the weekly level has just broken through the downward trend line. The opening trend next week will become particularly important. If it first pulls back to the trend line after the opening, it may bring new investment opportunities. Conversely, if it directly breaks upwards at the opening, investors need to be vigilant, as the monthly close is approaching.

It is worth noting that a rate cut of 25 basis points is expected in September. Based on historical experience, during a rate cut cycle and under the influence of ETF expectations, the market usually experiences a "rise, then fall, and then rise again" process. The initial rise is driven by positive news boosting market sentiment, followed by a correction because traditional financial capital does not immediately flow in on a large scale, and the final rise occurs as traditional financial institutions gradually enter the market, pushing prices higher.

The current trends in the cryptocurrency market are complex and ever-changing, containing both opportunities and risks. Investors need to closely monitor market movements, exercise caution in their operations, and analyze various possibilities rationally to cope with future market changes.