Trump's new policies ignite ETH frenzy! Is $4600 just the starting point?
The crypto market exploded! ETH price broke the $4600 mark, surging 8% in 24 hours, with a total market capitalization exceeding $4 trillion! Behind this frenzy, an executive order from the Trump administration is becoming a key driver.
Policy tailwind: Trump presses the 'accelerate' button for the crypto market.
The latest news from the White House reports that Trump will sign an executive order on August 13 to completely restructure the digital asset regulatory framework. This directive, known as the "new cryptocurrency policy," focuses on three major benefits:
Establish a national-level "crypto working group": Led by former SEC commissioner and pro-crypto advocate Paul Atkins, in conjunction with the Treasury Department, SEC, and other agencies, to submit a regulatory reform plan within 60 days, focusing on relaxing excessive regulations in fields like stablecoins and mining.
401(k) retirement funds open up crypto investments: Allowing 90 million US retirement accounts to allocate ETH and other digital assets, officially opening up channels for institutional funds to enter.
Establish a national digital asset reserve: Researching the inclusion of cryptocurrencies seized by the federal government into strategic reserves, with Bitcoin and ETH potentially becoming "official assets."
"This is a milestone for cryptocurrencies entering mainstream finance!" Crypto analyst John Longo pointed out that policy dividends will attract traditional capital to flood in, with ETH as the leader in smart contracts, being the first to benefit.
Technical + capital: The dual engine behind ETH's surge.
From the chart, ETH breaking $4600 is by no means accidental:
Technical indicators are bullish across the board: MACD forms a golden cross, RSI breaks 59.88, after breaking the $3200 resistance, the next target is directly aimed at $5000.
Institutional funds are crazily buying: Harvard University's endowment fund bought 1.9 million shares of BlackRock's ETH ETF in the second quarter, worth over $110 million, becoming its fifth-largest holding.
Ecological upgrades spur demand: The Ethereum Pectra upgrade optimizes data processing capabilities, and the PeerDAS test network enhances scalability, attracting applications like DeFi and NFTs back.
More critically, the Trump administration clearly states, "Prohibit central bank digital currencies (CBDCs)," indirectly consolidating the status of decentralized assets like ETH. Vitalik Buterin stated, "Policies are clearing obstacles for the Ethereum ecosystem."
Market reaction: 100,000 people liquidated vs institutions bottom fishing.
Despite nearly $400 million in liquidations in the crypto market on August 9, bullish sentiment for ETH remains strong. Data reveals two extremes:
Retail panic: Leveraged traders liquidated due to short-term corrections, but the overall upward trend remains unchanged.
Institutions bottom fishing: Giants like BlackRock and Fidelity continue to increase their holdings in ETH ETFs, and the market share of the TUSD stablecoin soared to 5% within a week, indicating a demand for safe-haven funds.
"This is a typical policy-driven bull market," said a head of a crypto fund, adding that the clear signals released by the Trump administration made Wall Street funds that had long been on the sidelines no longer hesitate.
Future outlook: Is $5000 not a dream?
Analysts predict that if the following conditions are met, ETH may challenge $5000 within the year:
Details of the 401(k) policy rollout exceed expectations;
ETH spot ETF approved, attracting $1 billion in new funds monthly;
The number of Ethereum ecosystem applications has exceeded 2 million.
ETH recently broke $4600, with clear bullish signals on the technical front—MACD golden cross, RSI breaking resistance, combined with the Pectra upgrade enhancing performance, increasing ecological attractiveness. Institutional funds continue to buy through ETFs, and the dual catalysts of policy relaxation and pension fund entry expectations are forming. There may be short-term fluctuations, but the trend is upward, and $5000 is within reach, while caution is needed regarding the pace of Federal Reserve policies and regulations.
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