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As July comes to a close, investors in the crypto assets market are starting to follow the performance of Ethereum (ETH) in August. Historical data shows that August is usually not a friendly month for crypto assets.
Currently, Ethereum is in an upward trend on the daily chart, but the market may soon enter a period of consolidation. Analysis indicates that August might just mark the beginning of this adjustment phase.
Looking ahead, the price of Ethereum may experience significant volatility. While the possibility of ETH continuing to rise to $4100-$4300 cannot be completely ruled out, there is also a risk of a pullback to around $3350. This means that in the coming month, ETH could experience a price fluctuation of up to $1000.
In the face of such significant potential volatility, investors need to remain vigilant. The drastic market fluctuations that August may bring are both a challenge and an opportunity. Investors should closely follow market trends, manage risks effectively, and also seize potential investment opportunities.
Whether you are an experienced trader or a novice investor, it is especially important to remain calm and rational in this uncertain August. The significant fluctuations in the market may lead to emotional ups and downs, but sticking to long-term investment strategies and risk management principles is the key to success in the Crypto Assets market.