【ETH's sudden surge is not a coincidence, it's a signal】
This morning I woke up to see ETH jump to over 3600, and my only judgment is: this is not a rebound, it's a return.
As an old hand in the chain space, I can tell you that this wave is definitely not retail investors getting excited; it’s the old money returning.
1️⃣ On-chain activity is increasing, and the ETH/BTC exchange rate is also rising—this indicates that the market is changing its focus, no longer just fixated on BTC.
2️⃣ The staking ratio is stable, institutions are quietly replenishing their positions; when you see the candlestick movements, it’s actually their funds moving.
3️⃣ The macro environment is also cooperating: U.S. Treasury yields are falling, CPI is slowing, and expectations for Fed rate cuts are restarting; sentiment for risk assets is warming up.
My attitude is very clear now:
As long as ETH does not drop back to 3400, this is a confirmed upward cycle. Don't think about shorting, don’t be greedy for low buys; once it stabilizes, it’s a big market trend.
While you are still observing, others have already started to take their tickets for the main upward wave.
