#ETH The daily structure of Ethereum is here. We will analyze the trend of Ethereum in the last four months of this year from the perspectives of major market movements, institutional trading, harmonic patterns, and Bollinger Bands. The text is a bit lengthy, but it's worth a careful read. If you're interested, please like and support, thank you, my friends 🙏 - Major Market Movements: According to authoritative data released by the Chicago Mercantile Exchange, the probability of interest rate cuts in September is 88%, with the highest probabilities for 2-3 cuts by the end of the year being 48% and 37%, respectively. This means that the last four months of this year are a typical interest rate cut cycle, and there is a high likelihood of a preemptive rally, followed by a sell-off after the interest rate cut benefits materialize. Therefore, there is still some room for price increases; - Institutional Trading: The accumulation period for this round (below 3000 points) lasted from February to mid-July, estimated to be about five and a half months, while the current high-level distribution period is only two months. Institutions need to push prices higher to attract more retail investors to enter the market. Breaking and stabilizing above 5000 is a good choice, and leveraging the opportunity of interest rate cuts to push prices up is a great chance. I believe the old whales won't waste such an opportunity. - Harmonic Patterns: In the daily large cycle, there is a clear B point with a value of 0.549, which is an excellent position considering the crab pattern. The D point is likely to be 1.618, corresponding to around 5800, and even 1.902 at 6500 are very good distribution points. I will focus on the PRZ around this area and sell off my holdings at 1800. - Bollinger Bands Analysis: According to the pressure and support conversion of Bollinger Bands, which means multiple resistances/supports at the same level, an effective breakthrough/breakdown is a reversal signal. For example, in early May, when it broke through the upper band after six consecutive resistances, it soared. The conversion signal for this round can also be marked by the breakdown of the Bollinger daily support, which currently appears to be around 4000 (the Bollinger Bands will rise accordingly). Therefore, when we place trades, we can consider 4000 as an important support level. If it breaks down, we will take a loss; if it holds, we will wait for the major market movements at the end of the year. Of course, the support for Ethereum has risen from the lower line to the middle line, which is also a sign of accelerating the market. The middle line around 4300 may also be a recent support level. - Trading Choices: Currently, we are near the middle line support, not far from the lower line support. It is recommended to mainly enter long positions on pullbacks, as it is better to follow the trend.