Explosion! Ethereum surges back to $2000, funds are positioning early, is the altcoin season about to arrive?

Today, Ethereum finally rebounded, with ETH breaking through the $2000 mark, and ETHBTC rebounding above 0.02, breaking a long period of stagnation. Although on-chain data still appears weak, the large withdrawal actions from Abraxas Capital suggest that funds have begun positioning for the altcoin season.

Historically, rebounds in ETH valuation after a five-year low typically represent potential opportunities, but whether it can stabilize above $2000 still requires confirmation from the DeFi ecosystem.

In simple terms, while the rebound has occurred, it is still not enough to change the overall situation; the key lies in the ETH/BTC trend, which remains at a low level.