Tonight will bring a critical moment for the crypto market. U.S. initial jobless claims data will be released at 21:30, with the previous reading at 208,000 and market expectations at 215,000. Such data often triggers chain reactions in the market, having direct impact on the price movements of mainstream coins like Ethereum.

What deserves even more attention is that major institutional shareholders in the Ethereum ecosystem are holding a shareholders' meeting today, with an agenda involving an important vote—whether to expand shares from 500 million to 50 billion shares. If this proposal passes, it means substantial capital will be primed and ready to sweep ETH on the secondary market at any time, which could provide strong support for the market.

Recently, Ethereum has been consolidating sideways. This seemingly calm situation could very well be an accumulation period before institutions make major moves. The more ammunition institutions have accumulated, the greater the possibilities for subsequent market movements.

With data release and dilution events happening simultaneously tonight, market volatility is inevitable. The crypto market never lacks opportunities; what is truly scarce is patience and the ability to seize timing with precision. Traders who come well-prepared often find the best entry points at such turning moments.