Against the backdrop of the Federal Reserve signaling 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 MicroStrategy's strategy continues to spread, coupled with ETF and macro policy resonance, market sentiment rapidly heated up, with FOMO emotions comprehensively spreading.
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 the 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, the recovery of risk appetite and Federal Reserve rate cut expectations jointly drive liquidity reflux, accelerating ETH's upward momentum. ETH's structural benefits are also transmitting to its ecosystem, with DeFi protocols welcoming a rebound in trading and staking demand, and the Non-Fungible Token sector's activity simultaneously recovering, with the entire Ethereum ecosystem regaining growth momentum.
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