This round of $ETH 's rhythm is very decisive, having emerged from a trend of unilateral rise. I personally expect it to break the new high at least. Everyone should remember the pullback from a couple of days ago, where it dropped from 4350 to 4166 in one go, and then entered a sideways movement. At that time, the market sentiment generally leaned towards the idea that 'there might be a second leg down,' but the result was a direct reversal to 4370, creating a new high within just a few minutes. This rapid rise indicates that the chip absorption is very active.

Comparing the trends of BTC and mainstream altcoins, it can be observed that they only followed the rise slightly at that time and did not explode synchronously. Subsequently, the market underwent a short-term washout, bringing the price back to around 4190, but this time it clearly halted the fall and stabilized, followed by another rebound. This is a very standard chip cleaning action—clearing out short-term floating positions and leaving behind patient holdings.

Currently, the interest in Ethereum is clearly rising, especially since last year ETH did not perform as expected, while BTC stood out. This makes ETH an ideal target for catch-up and sentiment recovery this year. The trends of Ethereum and altcoins are often linked; a strong ETH will naturally drive the market's attention and willingness to allocate to altcoins.

From a macro and policy signal perspective, the external conditions for this wave of market are also improving: the U.S. 'Genius Bill' has been introduced, JD.com has publicly recruited for positions related to virtual assets, and Hong Kong has issued regulations regarding virtual assets. All these are positive institutional groundwork for the industry.

Here, ETH is like a pioneer used by the market maker to ignite the altcoin trend. If the subsequent capital flow starts to diversify into various tracks, then the rotation of altcoins may start at any time.