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$ETH Although Ethereum has fallen so much, I believe there is still significant room for upward movement tonight.
First, at 8:30 PM tonight, the US CPI data will be released. Sharp observers may notice that although the Iran conflict has caused international crude oil prices to rise, Venezuelan crude oil has been continuously shipped to the US, causing domestic US crude oil prices to actually decline.
Currently, there is strong opposition within the US against the Iran conflict. Trump's approval ratings have already dropped significantly. If the CPI data comes out higher than expected, his support rate will further decline.
Next, I want to share some of my personal opinions: I used several major AI models to predict tonight’s CPI data release, and all of them indicated it would be higher than expected. However, I also found several large traders building long positions on CoinGlass.