Ethereum Treads Water as Rate Cut Hopes and Storage Chip Boom Swirl Market
The cryptocurrency market is experiencing a range-bound phase, with Ethereum (ETH) fluctuating within a large-scale trading range. Despite short-term rebound momentum, ETH remains enveloped in this range, awaiting a decisive breakout.
Macroeconomic expectations suggest that the Federal Reserve may lower interest rates in September, which has provided some support for risk assets. However, probability distributions are still divided, and expectations may change frequently depending on data and official statements.
The storage chip industry is also a key area of focus, with South Korean parties indicating that their capacity advantage will expand further. This development could provide strong fundamental support for the relevant industrial chain in the medium to long term.