Market Analysis on August 18, 2025

In the past 24 hours, after failing to rebound, the cryptocurrency market has further declined, with Ethereum currently falling below $4300. If calculated from the peak, the maximum drop exceeds 10%, and the hourly candlestick chart is showing a pattern of fluctuating decline, which is perhaps the more concerning aspect. Generally speaking, such a one-sided downward trend often rebounds after finding a support point, and there is no need to worry too much about the hourly level. It is still quite close to what I described as a short-term fluctuation trend. What we need to do now is to wait for support to appear, and then experience a few days of fluctuating market. It cannot be denied that what I mentioned yesterday about the next 1-2 weeks likely showing a weak trend has basically come true after this drop. Fortunately, there is support at $4200 in the short term.
This wave of market movement is not due to external factors, as the US stock market is functioning normally, and the Nasdaq continues to attempt to reach new daily highs. It is worth noting that the recent A-shares have also surpassed the 3700 points. In this context, I believe this wave of pullback is a rational correction after the previous excessive rise. Looking at the unlocking situation of Ethereum, there has been an increase in selling pressure recently. Although not all unlockings are meant to crash the market, there will still be significant selling pressure proportionally. The data on Ethereum's queued unstaking is worth our attention, as it is an important parameter for mid-term (1-3 weeks) market trends. Currently, this value is 850,000, indicating a large release volume, which is also one of the bases for my judgment of short-term pressure.
In the analysis, the problem has become quite clear. Duojun is still working on Ethereum micro-strategies for US stock companies, which belong to Wall Street.