The market trend of Ethereum (ETH) is showing a clear rising momentum. From the daily chart and the 4-hour chart, there are currently no signs of a downtrend. On-chain data shows that the holdings of large investors are generally in a long position, and the flow of market maker funds is also quite clear.

In retrospect, ETH once had the potential to break through the 5000 USD barrier, but faced a wave of short-selling pressure. Subsequently, the market entered a consolidation phase, and when most investors anticipated further declines, the market was hit with several bearish news. These news items, instead, pushed market sentiment to a peak, followed by significant bullish news, resulting in losses for short investors.

The erratic movements of the market have left many investors confused. It is worth noting that the expected interest rate cut next month may provide additional momentum for the rise of ETH.

In the current volatile market, investors need to enter cautiously to avoid being trapped. Whether in a bull market or a bear market, there are unique investment strategies. It is recommended that investors closely monitor market dynamics and formulate appropriate trading plans.

In addition to ETH, investors can also pay attention to other potential projects such as OM, SUI, SOL, FUN, and BTC. At the same time, it is important to keep an eye on BNB's performance, the latest developments in the ETH staking withdrawal mechanism, as well as the potential impact of the upcoming Jackson Hole Economic Policy Symposium.