As soon as the news about Trump's 401(k) pension policy came out, the cryptocurrency market immediately experienced a notable increase, and Ethereum reached a new high.
Looking at the fund inflow situation for Ethereum ETFs over the past two days, there has been net inflow for three consecutive days. Although it hasn't broken 4000 yet, it's just a matter of time.
Next, we will see when this pension fund can truly flow into the cryptocurrency market. Until it materializes, the market remains merely emotional actions. However, at least this expectation is in place; an $8 trillion capital volume is enough to lift the cryptocurrency market to new heights.
Additionally, there is an expectation of a rate cut in September. Although Ethereum's position at 4000 has been a peak over the past two years, a concentrated area of selling pressure, each time it reaches this position, it gets pushed down to initiate a deep correction.
However, at least from an emotional perspective, the recent market really finds no reason for a large decline, so a pullback to go long is the best choice.#特朗普允许401(k)投资加密货币 $ETH