Recently, U.S. economic indicators have performed well, with the Producer Price Index ( PPI ) and unemployment rate data both exceeding market expectations. The upcoming Consumer Price Index ( CPI ) is also expected to bring favourable information. These positive signals have led the market to start following the Fed's future rate cut magnitude, with the debate centering on whether it will be 25 basis points or 50 basis points.

At the same time, the cryptocurrency market has shown some positive signs. Bitcoin has recently exhibited strong characteristics, suggesting that a rebound may be on the horizon. The Ethereum market has also shown some interesting technical patterns, which may lead to a rebound after experiencing a significant drop.

Considering the favourable information from the U.S. economic data and the traditional financial market, the rebound in the cryptocurrency market may come earlier than expected. However, investors need to keep in mind that this is likely to be a rebound rather than a long-term reversal.

Currently, the market will closely follow whether Ethereum can break through the $4500 level. If it successfully breaks through and maintains strength, the next important target will be the resistance level around $4700. Investors should closely monitor the performance of these two key price levels to gauge market direction.

Although a rebound may occur in the short term, investors should remain cautious, continuously follow the changes in the global economic situation and regulatory environment, and manage risks effectively.