2024/5/23 22:02 utc+8

Last night, it was said: Ethereum's positive cashing (profit-taking) + the economy is stronger than expected

Tonight, it was indeed cashed. At 20:56, $ETH directly jumped from 3900 to around 3720, 180 points, and fell 4-5% in 1 minute. 50 million dollars broke this minute

First of all, the number of first-time unemployment claims last week came out tonight. On May 18, 215,000 people applied for it this week, with an expected 220,000, a previous value of 222,000, and an average of 219,800 in the past four weeks. It is worth mentioning that this is the lowest since April 27.

Later, the S&P Global Manufacturing PMI came to make up for it. 50.9, the highest since February, 50 in April. The service industry PMI is 54.8, the highest since 12 months, and the expected 51.3.

In short, the economy is stronger than expected. It seems that a perfect script has been written. Back to what I said at the beginning, the ETF benefits are realized + the economy is stronger than expected, so the inertia downward certainty after 21:45 should be very high.

It is recommended to do $BTC , not $ETH . ETH is greatly affected by the ETF news tonight.