ETH breaks through the $4800 mark

[Fed's September Rate Cut Expectation Drops to 75%] According to the CME "FedWatch" tool, the probability of the Federal Reserve cutting interest rates by 25 basis points at the September meeting has dropped to 75%, down from 84.7% the previous day. Meanwhile, the probability of maintaining rates unchanged has risen to 25%.

【】 The current price of ETH is $4765.00, with a 0.26% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.05 million US dollars, with multiple orders being the main liquidation and ETH liquidation of 1.34 million US dollars (13.41%). The data is for reference only.

OKX-OKB/USDT is currently trading at $199.09, with a 5-minute drop of 0.56%. Please be aware of market fluctuations.

[Santiment: Surge in Federal Reserve Rate Discussion May Signal Risk for Crypto Market] Santiment pointed out in its latest report that as market attention on the Federal Reserve's September rate decision heats up, the volume of related discussions on social media has surged, which could pose potential risks to the cryptocurrency market. Santiment's analysis indicates that historical data shows when high-intensity discussions revolve around a single bullish narrative, it often suggests overly optimistic market sentiment, potentially signaling the risk of a price peak. Currently, the mention of keywords related to 'Federal Reserve' and 'rate cuts' on social media has reached its highest level in the past 11 months, a phenomenon investors should be cautious about.

With ETH near record highs and Tom Lee eyeing $15,000 by the end of this year, investors weigh exposure through direct tokens, spot ETFs or corporate treasuries.