QCP analysis indicates that the temporary tariff reduction agreement reached between China and the United States has boosted market risk appetite. Bitcoin and Ethereum stabilized at approximately $103,000 and $2,400 respectively after a brief pullback. BTC's dominance rate fell below 63%, showing signs of capital rotation. ETH benefited from the Pectra upgrade and a recovery in options demand, performing relatively strongly. Overall market volatility has decreased, with BTC's front-end implied volatility dropping by more than 5 points and the VIX volatility index falling to 18. QCP states that ETH is expected to become a major asset for allocation in the next phase.