Bitunix Analyst: US Consumer Confidence Hits Five-Month Low, ETH Expected to Reach New All-Time High Again

According to BlockBeats news, on September 13, the latest data from the University of Michigan shows that the preliminary consumer confidence index in the U.S. for September has dropped to 55.4, marking a new low since May, indicating a continued deterioration in the labor market and inflation concerns. The survey indicates a significant increase in public worries about future unemployment, with long-term inflation expectations rising from 3.5% to 3.9%, highlighting the contradiction of an economic slowdown intertwined with price pressures. Following the data release, U.S. Treasury yields fell and the dollar came under pressure, with market expectations for interest rate cuts from the Federal Reserve heating up again. In the crypto market, ETH price quickly surged close to the 4,800 level, with no apparent resistance above; if it successfully breaks through, it may further challenge the liquidity in the 4,824–4,950 region. The support below is concentrated at 4,450, and if it falls below, it might retest the 4,200–4,250 lows. Bitunix analysts suggest that against the backdrop of weak consumer confidence and rising inflation expectations, uncertainty in policy prospects may increase market fluctuations. Traders are advised to pay attention to ETH's performance at the 4,950 resistance area and whether the 4,450 support level can hold steady to cope with the severe price fluctuations driven by data.