Tonight at 21:30, the US December Non-Farm Payrolls report will be released, which will be the biggest variable in the crypto market this week. Unemployment rate, non-farm employment growth, hourly wage year-over-year... Once these economic data are released, ETH and the entire crypto market could experience significant volatility.

The relationship between macroeconomic data and crypto assets is becoming increasingly close. Currently, market expectations for this report are clearly divided—hawkish views believe strong data could boost the dollar and strengthen bearish forces; on the other hand, some think weak employment signals might trigger expectations of policy easing, benefiting risk assets.

Many traders have already adjusted their positions in advance. As a mainstream coin, ETH’s price trend often reflects institutional and retail sentiment towards overall risk appetite. If the non-farm data exceeds expectations, we might see a rapid surge or plunge in the short term; if it falls below expectations, the opposite logic could be triggered.

The key is that this is not just a data report, but a signal for market re-pricing. Managing risk well and closely monitoring liquidity conditions before and after the opening might be wiser than blindly betting.