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The Crypto Assets market experienced a significant震荡today, with short-term investors generally being wiped out. Ether (ETH) is currently hovering around $3612, in a critical daily chart support test zone.
The U.S. non-farm payroll data set to be released tonight is highly anticipated. The market expectation is 110,000, a decrease from the previous value of 147,000. Combined with the recent performance of small non-farm and PCE data, the overall economic data is showing a cooling trend, which may put certain pressure on the market.
However, it is worth noting that the market seems to have already priced in some of the bearish factors, with the ETH price having dropped by about 300 points. If the current support level holds, then tonight's data release may not trigger significant market volatility.
On the contrary, if the key support level is breached, it may trigger a new round of sharp declines.
For investors, it is crucial to stay calm and manage their positions. It is recommended to adopt a wait-and-see approach tonight, making investment decisions only after the market provides clearer signals. Bitcoin (BTC) and other mainstream crypto assets like Solana (SOL) are also worth paying attention to, as their trends may influence the entire market.
The current market environment is full of uncertainty, and investors need to remain vigilant, closely monitoring non-farm payroll data and other macro factors that may impact the Crypto Assets market. At the same time, it is important to recognize the high volatility characteristics of the Crypto Assets market, and effective risk management is essential for achieving success in long-term investments.