After Bitcoin surged to a historical high yesterday, it has been consolidating between 110,000 and 112,000 with low volume, allowing time for Ethereum and altcoins to catch up. The price action is completely in line with expectations; the main players do not want to harvest immediately. Last night's hacking incident on the Sui ecosystem chain involving Cetus did not crash the market, but only caused stagnation, indicating that there is still an opportunity in the market. Patience is required.

Ethereum saw a much-anticipated rebound yesterday, but the extent was limited and was entirely driven by market sentiment. Currently, it still needs major funds to intervene for a chance to challenge the range between 2900 and 3000. The current trend is relatively normal, so patience is needed for Ethereum to continue its rebound.