At 8:30 tonight, an important economic indicator will be released - the Core Personal Consumption Expenditures ( PCE ) data. This data may influence Fed Chairman Powell's policy stance, and it could also be a key factor in determining whether Ethereum can break through the $5000 barrier.

The market generally believes that if inflation data continues to rise, the cryptocurrency market may experience a strong rally, pushing the current bull market to a new peak. However, if the inflation data is lower than expected, it may be interpreted as the positive factors having been fully digested, and the market may face a risk of correction.

For investment strategies in Ethereum, some analyses suggest considering establishing long positions around $4350, with a short-term target price of approximately $4500. From a long-term perspective, there are opinions that Ethereum is expected to reach the level of $5500.

However, investors should keep in mind that the cryptocurrency market is highly volatile, and any investment decision should be based on their own risk tolerance and comprehensive market analysis. Paying close attention to tonight's economic data release will help investors better assess market trends and potential risks.