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#ETH# ETH Ethereum price fell below 4400 USD, down 4.76% in 24 hours, follow long order opportunities around 4200 USD!
1. Direct inducement: Multiple bearish factors resonate
1. Macroeconomic data shock
PPI exceeds expectations: The U.S. PPI rose by 0.9% month-on-month in July (expected 0.5%), and year-on-year it increased to 3.3%, indicating persistent inflation. The market is concerned that the Federal Reserve will postpone interest rate cuts, leading to a short-term rise in the dollar index and pressure on crypto assets.
Low unemployment rate: The number of unemployment claims for the week

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