Although I am a newcomer to the crypto assets market, I have a slightly different view on the current trend of Ethereum. From a technical perspective, the candlestick chart seems to indicate that a pullback is imminent. Looking at history, if there was indeed potential to break the historical high, it probably would have happened already. Personally, I believe the likelihood of breaking $4750 tonight is low.

Looking back at the market situation in August, although there was no news of the Federal Reserve cutting interest rates to stimulate the market, inflationary pressures still exist. The interest rate cut that many people are expecting in September may not come as scheduled. The reason the Federal Reserve can become the barometer of the financial world is due to its independence. Even political figures find it difficult to influence its decisions.

As a newcomer to the market, I am just sharing some personal views here. I hope to hear what experienced investors think about the current market situation. After all, in this rapidly changing world of Crypto Assets, collective wisdom often brings more comprehensive market insights.