ETH approaches the 2021 peak, with the core driving force of the rise being the expectation of a Fed interest rate cut in September (probability 95%). However, this 'perfect pricing' carries a high risk, and if the rate cut does not materialize, it could trigger a sharp correction. Currently, ETF capital inflows are strong, institutional demand is robust, and short-term bulls still hold the advantage. In terms of operations, it is advisable to control positions at high levels to guard against volatility, waiting to add positions after events unfold, while continuing to focus on institutional entry and macro liquidity in the medium to long term. $ETH #BNB创新高