Crypto Markets Anticipate Thrilling Moves Tonight

Key Points

1. ETH price has surged to $4,775, close to its recent peak, with potential to set a new all-time high if it maintains above $4,700.

2. SOL Coin remains above $200, targeting $296, while BNB Coin is positioned just below its all-time high.

3. The ETHBTC pair shows strength at the 0.0385 level, indicating a potential target of 0.0407BTC, which would mean ETH achieving a new all-time high.

4. Investors are closely watching the Fed's potential rate cuts, with expectations of three 25 basis point cuts in September, October, and December this year.

5. Despite a robust labor market, there are signs of weakness, particularly affecting low and middle-income consumers, with difficulties now impacting higher-income brackets.