On August 9, foreign media reported that the U.S. and Russia may hold secret talks on a ceasefire proposal. Russian President Vladimir Putin stated he would agree to a full ceasefire if Ukraine withdraws from the Donetsk region. U.S. President Donald Trump revealed he will meet Putin soon, noting that Putin is eager to proceed with discussions. Trump added that Ukrainian President Volodymyr Zelensky must be ready to sign relevant documents, with both sides exploring partial territorial exchanges in pursuit of a favorable peace agreement.
Bitunix Analyst’s View: Ceasefire speculation spurred gains across the crypto market, with ETH breaking above the $4,100 liquidity zone. Key downside absorption levels are located at $3,200 and $2,700, with long-term support at $1,700. Technically, ETH is nearing a high-supply area, making it sensitive to headlines and prone to false breakouts or sharp pullbacks. A failed breakout followed by a drop below $4,100 could sharply raise correction risk. Traders should strictly manage positions, avoid chasing highs, and refrain from entering based solely on news-driven sentiment.
