Tonight will mark a critical moment in the crypto market. The US initial jobless claims data will be released at 21:30, with the previous value at 208,000 and market expectations at 215,000. Such data often trigger chain reactions in the market and have a direct impact on the price movements of mainstream cryptocurrencies like Ethereum.

What’s more worth paying attention to is that major institutional holders within the Ethereum ecosystem are holding a shareholder meeting today, with an agenda involving an important vote—whether to expand the stock from 500 million shares to 50 billion shares. If approved, it would mean a large influx of capital ready to sweep up ETH on the secondary market, potentially providing strong support for the market.

Recently, Ethereum has been in a sideways consolidation phase. This seemingly calm situation is likely a preparatory period before a major move by institutions. With ample ammunition, the subsequent imagination space becomes increasingly promising.

Tonight’s data release and issuance events will occur simultaneously, making market volatility inevitable. The crypto market has never lacked opportunities; what is truly scarce is patience and the ability to precisely seize the right moment. Traders who come prepared often find the best entry points at such turning points.