This afternoon, a group of investors collectively adopted a long positions trading strategy for Ethereum (ETH). Notably, one experienced trader chose to hold ETH for the long term and has set the take profit point at $4800. He suggested that other participants could consider exiting to realize short-term gains when they achieve a profit of 50 points.

This wave of trading activity coincides with the U.S. July Producer Price Index (PPI) year-on-year exceeding market expectations, while the Binance wallet Token Generation Event (TGE) has also attracted market attention. These factors have collectively led to a certain degree of adjustment in the cryptocurrency market.

Despite market fluctuations, investors remain focused on mainstream cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC). Experienced traders indicate that they prefer to concentrate on intraday trading strategies to cope with the current market environment.

Overall, the cryptocurrency market is still full of opportunities and challenges. Investors need to closely monitor various economic indicators and industry trends, and flexibly adjust their trading strategies to seize profit opportunities amid volatility.