Ethereum's Conspiracy: Seeing the Big Picture, Summarizing the Logic of Ethereum's Market Manipulation

1. ETF Listing as Bait, Price Halved to Wash Out Positions

When the Ethereum spot ETF was just approved, the market cheered, but the price plummeted to around $1300, a drop of 70%. This is a typical 'washing out' - major funds attract retail investors with good news, then dump the price to gather positions. The market cap fell close to the total market cap of stablecoins in its ecosystem, which is its fundamental bottom line.

2. From $1300 to $2600, Almost No Positive News

After hitting a low, Ethereum quietly doubled its value without significant positive news. This is not a coincidence; major players are silently accumulating positions and rotating.

3. US Stocks Show 'Ethereum Version of MicroStrategy', Signals Emerge

Recently, the US stock market has begun to see funds positioning in Ethereum similar to the 'MicroStrategy buys Bitcoin' model, which is an important turning point signal.

4. Major Policy Benefits are Rolling Out

Last week, the US proposed draft legislation related to stablecoins. In the future, there could be $2 trillion worth of stablecoins in circulation, with at least half deployed on the Ethereum network.

5. Stablecoins Running on Ethereum Justify Its Value

If $1 trillion worth of stablecoins are running on Ethereum, then the Ethereum platform itself would be valued at around $1 trillion by the market, just like a 'decentralized SWIFT system'; its value is not artificially inflated but supported by real demand.

6. Not a Bounce, But a Trend Reversal

The current trend is not a simple bounce after a decline but a complete trend reversal.

7. Altcoins Can't Keep Up with the Pace

In this round of increase, most altcoins have failed to outperform Ethereum, even DeFi or meme projects on Ethereum have not reaped significant benefits - indicating extremely high market focus, with only Ethereum being the core asset.

8. Ethereum May Hit Historical New Highs in the Second Half of This Year

With the resonance of fundamentals, policies, and capital, there is a high probability that ETH will reach historical new highs within this year.

9. Ethereum is Being Bound into the New Global Financial Order

Stablecoins (digital USD), US Treasuries, Bitcoin, and Ethereum are gradually being tied together into a new financial system. Ethereum is not just a blockchain project; it is becoming a key wheel of this 'new war machine.'