Can the #机构疯抢以太坊 bull market continue? Key validation points are as follows:

✅ Funding sustainability (core indicator):

If the weekly net inflow of ETFs remains stable above $500 million in the next 2 weeks, it confirms that institutional investors are strategically building positions rather than engaging in short-term arbitrage.

Historical reference: The initial listing of Bitcoin ETFs saw continuous net inflows for 18 weeks, driving BTC up by 120%.

⚠️ Macro environment constraints:

The Fed's interest rate cut expectations are delayed (the current market prices the probability of September at only 60%), and the US Treasury yield breaking 4.3% suppresses the valuation of risk assets.

If US stocks (especially tech stocks) pull back, the crypto market will hardly be spared.

🔍 ETH/BTC exchange rate breakthrough:

The current ETH/BTC exchange rate of 0.06 is still at a three-year low (2021 high of 0.08). A breakthrough of 0.065 is needed to confirm the "rotation trend" of funds from Bitcoin to Ethereum.