ETH took off this morning, and eth/btc reached 0.0258, the highest since March this year. As I have said many times before, this data is almost equivalent to the altcoin season index. In the bull market of 2017 and the bull market of 2021, this data has been rising all the time, so this is definitely a good sign. In addition, eth's ETF had a net inflow of 85 million last night, and BlackRock is still the absolute main force. It seems that after Bitcoin hit a new high, institutions began to pay attention to eth.
If the pledge function is passed later, Ethereum should take off. In addition, Ethereum ecological projects also need to be closed. Last night, aave, crv, ena, ethfi, uni, ldo, etc. were all doing well. TON took off directly because its founder announced that it would cooperate with xai to integrate grok and got $300 million in cash from xai. Then Wall Street reported that BlackRock, Citadel, and Abu Dhabi National Investment would invest in Telegram, which directly caused TON to surge by 20%. Later, Musk denied that no agreement was signed, and then it pulled back.
Other altcoins, Nasdaq-listed company vivopower announced a financing of 120 million to start the XRP strategic reserve, Sol Stategyies submitted a 1 billion prospectus to purchase Sol, plus the ETH the day before yesterday, there are also companies reserving, it feels like more and more listed companies are starting to target altcoins, it is expected that after giving the market some time, many institutional funds will pay attention to altcoins. Last night's Bitcoin Conference was also positive on the sentiment side, US Vice President Vance's speech at the Bitcoin Conference gave Bitcoin a bad name, Vance is the second in command of the old US government, he said that more than 50 million people in the United States hold Bitcoin, and it will soon increase to 100 million, and he holds a considerable amount of Bitcoin, Bitcoin is a hedge against inflation, the Trump administration will continue to support Bitcoin in the future, abolish all previous unfavorable policies and legal battles against encryption, Bitcoin is part of the mainstream economy of the United States, and is as important as AI, AI to the left and BTC to the right.
Macro-Trump's tariffs have been stopped by the U.S. International Trade Court. Not only have they stopped collecting a series of tariffs since Trump took office, but they have also refunded the tariffs previously collected and required that the tax-free policy for small packages continue to be implemented. The reason for stopping the tariffs is that the trade deficit cannot be used as a reason for increasing taxes, and Trump has exceeded his authority. In short, this is considered to be positive emotionally, but it depends on how Trump responds!
The current general trend of BTC's market capitalization share is bearish. There is no wave that only rises and never falls. The same is true in reverse. Wall Street chose BTC, so BTC has been rising all the way, but BTC cannot be the only one in the encryption field. A single flower does not make spring, but a garden full of flowers of all colors will be full of spring. Eth and copycats will arrive, albeit late.
After taking a look at the recent altcoin market, I feel that the market has finally stopped speculating on empty words. The coins that continue to rise in price are those with real protocol income, such as: AAVE UNI CAKE COW BANANA CRV, etc. This may be the beginning of a market turn. I always feel that this round of bull market cannot only speculate on on-chain memes, and the market will eventually return to value investment.
From the trend of the past two days, everyone can clearly feel that Ether and the Ether exchange rate have rebounded significantly. If the pressure of 2,600 points can be broken first compared to Bitcoin’s 110,000, there will be a chance for a rare Ethereum-led rally. At a time when there is no major news impact, given that Ethereum has been scammed many times before, we dare not expect too much. Overall, we still hope that Ether will get better.
If you have Ethereum ecosystem or Ethereum-related clones now, you can keep them for the time being, but remember to sell part of them at the price you want. Don't forget that Trump has not yet responded to the tariff incident last night. Once the market turns bearish, all profits will be lost. So you have to consider the sustainability of the market for the time being. Also, don't chase the rise. The takeoff of clones has never been a performance of only one sector, but a rotation of sectors, and even blooming everywhere. The blooming everywhere here also refers to projects with practical applications and returns.
For those who haven't joined the chat room yet, hurry up brothers!