Does this round of Ethereum's rise have anything to do with the upgrade?? 🔥🔥💥🚀
Actually, it has little to do with it; it's purely driven by Bitcoin and the U.S. stock market, combined with effective consolidation over a long period, like a spring that has reached the bottom, instantly linked to Bitcoin being released. In contrast, this upgrade is certainly a long-term positive, but before and after the upgrade, it hardly had any effect, so there's no need to credit this sudden surge to the completion of the upgrade.
From another perspective, raising the staking limit from 32 ETH to 2048 ETH does not bring much benefit to the vast majority of people; it is still more beneficial for institutional operations. Therefore, we need to closely monitor the inflow of Ethereum ETFs in the short term, and even in the long term. Once institutional trading volume increases, it indicates that institutions are slowly accepting this staking model, and the price will also reflect this. However, there has not yet been a surge in trading volume.
Since there are no expectations for interest rate cuts in May-June, we need to keep an eye on the upcoming macro events. The first is Trump's speech tonight at 10 PM, and the second is the dot plot in June. Every time this dot plot appears, it marks a turning point, and altcoins will continue to wait for the effect to emerge. 💪💪$ETH #ETH #ETH大涨 #ETH走势分析