The long-awaited rally has finally premiered. On the evening of May 8, BTC broke through the $100,000 mark and rose all the way up, standing above $102,000, achieving five consecutive weekly gains. However, the most impressive performance came from Ethereum, which has been criticized for a long time. It surged over 20% in 24 hours, breaking through the $2,000 mark and standing at $2,200. ETH/BTC returned above 0.02, rebounding over 14% from its low.

Ethereum's breakout has also led to a dramatic surge in the altcoin market, with in the 24-hour gains, the staking token EUGEN rising over 40%, ETHF1 increasing by over 28%, and both OP and ARB rising over 15%. In terms of public chains, SOL's gain is nearly 10%, while SUI and BERA both exceeded 19%. In terms of stablecoins, ENA rose over 28% and LQTY increased over 39%.

The market has been quiet for several months since January this year. What are the factors influencing this rise? How will the subsequent market perform?