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US and Russia hold secret talks on ceasefire, ETH breaks through $4100, analysts warn of short-term risks
On August 9, foreign media reported that the US and Russia might engage in secret talks regarding a ceasefire plan. Russian President Putin stated that he would agree to a full ceasefire if Ukraine agreed to withdraw its troops from the Donetsk region. US President Trump revealed that he would soon meet with Putin and mentioned that Putin hopes to hold talks as soon as possible. Trump added that Ukrainian President Zelensky needs to be ready to sign relevant documents, and both sides are seeking to exchange some territories in exchange for more favorable peace conditions, which would benefit both Russia and Ukraine.
Analyst's View: Stimulated by rumors of a ceasefire, the overall cryptocurrency market has risen, with ETH breaking through the $4,100 liquidity zone. The main buying support areas are at $3,200 and $2,700, while long-term support is at $1,700. The technical analysis shows that the price is approaching a high-density supply zone, making it extremely sensitive to news in the short term, which could easily lead to false breakouts or rapid pullbacks. If the breakout fails and drops below $4,100, the risk of a correction will significantly increase. It is advised to strictly control positions and avoid chasing highs or entering the market based on emotional reactions to news.