The US government may exchange shares for subsidies. The ETH range support is obvious. Investment needs to follow AI chains and liquidity.

On August 20, sources said that U.S. Commerce Secretary Raimondo is pushing to exchange government equity for subsidies under the CHIPS Act, potentially expanding from Intel to Micron, TSMC, and Samsung; the White House has confirmed it is advancing a 10% government equity deal with Intel, and some established subsidies will be renegotiated. This move may strengthen the U.S. voice in the AI supply chain but has also sparked governance and fiscal controversies. In the crypto market, there is significant support for ETH below 4100 – 4150, with secondary support at 3900 – 4000.

Analysts suggest:

If "stock-for-supply" is implemented, AI capital expenditure and risk appetite are expected to rise; conversely, if policy advancement is hindered, volatility will increase. It is recommended that investors observe the progress of policies and the capital flow of tech stocks as the main line, without chasing the short-term fluctuations in liquidation intensive areas; for ETH, adopt a medium to long-term allocation and risk budget management, focusing on tracking changes in the AI supply chain and US dollar liquidity.