Recently, the price of Ethereum (ETH) is close to its historical high, attracting widespread attention in the market. In June and July of this year, when the market was generally in panic, some analysts remained optimistic about ETH, which was priced around $2700 at that time, and predicted a explosive rise in the third quarter.

Currently, ETH is approaching its historical high, and the market is generally full of expectations for its future, with price predictions potentially reaching $10,000 to $20,000. However, some professionals hold a different view, believing that near the breakthrough of historical highs, ETH may experience a healthy correction from late August to September.

This viewpoint does not reflect a loss of confidence in ETH, but rather is based on an analysis of market trends. A moderate correction helps to build momentum for the next rise. It is worth noting that during the decline in the cryptocurrency market, Bitcoin's (BTC) market share may rise in the short term.

At the same time, Bitcoin is also showing strong performance, with its market value surpassing Amazon and its price returning to the $120,000 mark. This reflects that the entire cryptocurrency market is in an active period.

However, investors should exercise caution and closely follow the upcoming CPI (Consumer Price Index) data, as it may have a significant impact on the cryptocurrency market. In the context of increased market volatility, rational analysis and risk management become particularly important.