Against the backdrop of the Federal Reserve signaling potential rate cuts and continued favorable cryptocurrency policies, market liquidity has comprehensively warmed up, leading to a violent surge in crypto assets. Bitcoin forcefully broke through $120,000, again setting a new historical high; Ethereum approached $4,000, creating a six-month high point. Altcoin strategies continue to spread, coupled with ETF and macro policy resonance, market sentiment rapidly heated up, with FOMO emotions spreading comprehensively.
After this fierce attack, where will BTC and ETH's subsequent trends go? Let's look at the latest perspectives from frontline traders in the market.
Macro Analysis
@CryptoHayes
ETH is gradually breaking free from its sideways state, becoming the core infrastructure for Wall Street's asset tokenization and stablecoin expansion. With rising demand for stablecoins like USDC and USDT, and continuous deployment of real-world assets (RWA) on Ethereum, ETH's use value and on-chain activity have significantly warmed up. Simultaneously, increased risk appetite and Federal Reserve rate cut expectations are jointly driving liquidity back, accelerating ETH's upward momentum. ETH's structural benefits are also transmitting to its ecosystem, with DeFi protocols seeing a rebound in trading and staking demand, and NFT sector activity simultaneously rising, with the entire Ethereum ecosystem regaining growth momentum.
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