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ETHUSDT
Long Entry 4,288.8700 2025-09-07 02:20 UTC
Target 10,000.0000 Fail 4,000.0000
Risk/Reward 1 : 20
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ETHUSDT
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Cryptocurrency
Fundamental
1H
Analysis Predict Bull Market
The analyst discusses the August job market in the US and its potential impact on crypto markets like Bitcoin, Ethereum, Solana and XRP. The August data was weak, with 22,000 jobs added compared to expectations of 76,500 and revised June numbers being negative. This weakness may push the Federal Reserve towards rate cuts. The analysis shows crypto consolidating and that Altcoin is very close to having 2 million followers, also that Rate cuts are coming soon. The analyst also believes it's more likely that a rate cut will happen sooner than later. Tom Lee suggests a new bull market has begun. The Bitwise CIO believes, Bitcoin should be at $200,000 and that $5 Trillion in buying pressure is coming to Bitcoin. ETH is set to reach prices $10,000 to $12,000 by the end of the year, and all pullbacks will be buying opportunities, particularly within altcoins. Solana’s focused staking firm will begin trading on the Nasdaq on September 9th, increasing trust.
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