Interest Rate Decision + Ethereum Upgrade Countdown! Will Bitcoin Hit 100,000? The First BTC Reserve State Has Emerged!
The Federal Reserve's interest rate decision + Ethereum's Prague upgrade are two major events coming up
Ethereum's Prague upgrade is today
Some might ask, will it break 2000 USD? Is the good news already priced in?
In this bull market, Ethereum has indeed underperformed compared to Bitcoin, but compared to many altcoins, it has improved significantly. Also, comparing prices is meaningless; it is more objective to look at the percentage change. From the daily chart of Ethereum, it is clear that bullish forces are stronger than bearish forces.
After the upgrade, the validator account storage limit increases from 32 to 2048, significantly reducing operational costs for institutions and attracting institutional participation. At the same time, the upgrade increases blob fees, enhancing ETH demand, and is expected to drive it back to deflation, solidifying its dominant position in Layer 1.
This upgrade can be seen as the biggest positive catalyst for the fundamentals of specific coins this year; whether Ethereum can rebound depends on the current sentiment.
The Federal Reserve's interest rate decision is here
The focus of the Federal Reserve meeting on the 8th is on rate cut sentiment, with a 97.6% probability of maintaining rates in May, and the market is betting on June (with a rate cut probability exceeding 50%), but there are variables influenced by Trump's economic and tariff policies. Since the expectations of not cutting rates have been digested by the market, what truly affects retail investors is Powell's speech.