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The Crypto Assets market has recently shown a rising trend, and the main driving factors behind this phenomenon are worth exploring in depth. The latest trade agreement signed between the EU and the US has become a key catalyst for the market's strength. This agreement, to some extent, highlights the economic strength and global influence of the US, further consolidating the dominance of the US dollar.
As a pillar of the global financial system, the strength of the US dollar directly impacts the crypto assets market. Currently, the valuation of most crypto assets is still based on the US dollar. Therefore, when the US dollar strengthens, the entire crypto assets ecosystem also benefits.
For short-sellers of Ethereum (ETH), the current market environment may pose severe challenges. Relying solely on the red and green line indicators in technical analysis for trading decisions may not fully grasp market trends. In this complex macroeconomic context, investors need to consider multiple factors comprehensively, rather than simply following short-term price fluctuations.
It is worth noting that the development of the Crypto Assets market is gradually forming a certain degree of connection with traditional financial markets. This trend makes the analysis of the macroeconomic situation increasingly important. Investors should closely monitor changes in global economic policies, especially major events involving the relationships between major economies, to better predict and respond to market changes.
Overall, the current strength of ETH and other Crypto Assets reflects a broader economic and geopolitical landscape. For market participants, maintaining an open and learning attitude, and continuously updating their analytical framework and trading strategies will be key to achieving success in this rapidly evolving market.