Bitunix analyst: U.S. consumer confidence hits five-month low, ETH is expected to hit record high again

According to BlockBeats, on September 13, the latest data from the University of Michigan showed that the initial value of consumer confidence in the United States fell to 55.4 in September, a new low since May, indicating that labor market and inflation concerns continue to deteriorate. The survey pointed out that public concerns about future unemployment have increased significantly, while long-term inflation expectations have risen from 3.5% to 3.9%, highlighting the contradiction between the slowdown and price pressures. After the data was released, U.S. bond yields fell and the US dollar was under pressure, and market expectations for the Federal Reserve to cut interest rates once again heated up. In the crypto market, ETH prices quickly rose to the 4,800 line, with no obvious pressure zone above; if a smooth breakthrough is made, it is expected to further challenge the regional liquidity of 4,824–4,950. The support below is concentrated at 4,450, and the loss may be backtested at 4,200–4,250 lows. Bitunix analysts suggest: In the context of weak consumer confidence and rising inflation expectations, uncertainty in policy outlook may increase market volatility. Traders are advised to pay attention to ETH's performance in the 4,950 pressure zone and whether the 4,450 support can hold steady in order to deal with the drastic price movements driven by data.