cool

Market dynamics
• ETH broke through $4,300, with a monthly increase of 65%, reaching a new high since December 2021
• A net inflow of large funds reached 4,127 ETH in 24 hours, with strong bullish momentum in the MACD
• Key support levels at $4,155-4,160, with technical indicators showing that the RSI has entered the overbought rangeDriving factors for the rise• Macro: Expectations of Fed interest rate cuts boost market risk appetite and provide liquidity support• Regulation: SEC relaxes staking regulations, US government investigates bank service restrictions• Technical: Plans to lower staking thresholds (32→16 or 1 ETH) and optimize annual returns to 6%-8%• Confidence indicator: BitMEX founder Arthur Hayes makes significant purchases of Ethereum ecosystem tokens