Where will Ethereum rise to this time? The final escape time has come! It's on May 27th, and you must complete your exit before then!
The current hot topic in the crypto circle is the Bitcoin conference on May 27th, where Vice President Vance has confirmed he will attend and speak, while Trump and Musk may not necessarily go. The current trend is quite similar to last year, where there was a sharp rise before the conference, and after that conference, Bitcoin began to plummet.
Although I personally believe that this conference won't have such a significant impact on the market, traders need a date, a signal to make decisions, so many people might see the time around May 27th as an opportunity to exit after the good news has been fully priced in.
Then I mentioned yesterday that the altcoin season won't end in just one day, and ETH surged again this morning. Let me add that the altcoin season won’t last forever! The Bitcoin conference is two weeks away, and I think the timing is just right; this might be the last explosive period of the altcoin season.
In the short term, next Tuesday's inflation data might present some bad news, as the impact of tariffs will start to gradually show, so we need to be cautious next Tuesday. The crypto market itself doesn’t have significant negative news, but it is closely tied to the U.S. stock market. If the stock market corrects due to some factors, the crypto market will follow suit.