Fed Chair Powell released a rare 'dovish' signal last night, with market bets on a rate cut in September nearing 90%. As liquidity expectations improve, risk assets are rising across the board. A few hours later, Ethereum soared directly by 14%, breaking the historical high of 4,887 USD, with a market cap exceeding 586 billion USD, surpassing global giants like Mastercard.
If the last cycle saw Bitcoin complete its leap from 'retail asset → institutional asset', then this breakthrough of Ethereum is proclaiming its entry into its own 'sovereign narrative moment'.
The director believes that the new high of ETH is not accidental, but inevitable. When ETH was still at 3,600 USD, I had already reminded everyone to lay out their positions in advance. Now that ETH has successfully broken the historical high, the first target of 5,000 USD is within reach, and I still firmly see it reaching 8,000 USD → 10,000 USD by the end of the year.
Why am I so optimistic about ETH? The core logic is as follows:
First, institutions are entering the market in droves: Currently, 17 listed companies and institutions collectively hold 1.74 million ETH, worth over 7.5 billion USD. Bitmine has even acquired 830,000 ETH within a month, accounting for nearly 1% of the global circulating supply, becoming the largest treasury company.
Then, ETFs continue to attract funds: The spot ETH ETF has attracted over 8.7 billion USD in inflows within a year, and the latest data shows that daily buying volume even exceeds that of Bitcoin.
Moreover, the staking advantage: ETH not only offers capital appreciation but also allows earning 3%+ native yield through PoS staking, creating a dual return of 'appreciation + cash flow'.
Finally, there is a significant policy shift: I mentioned this in previous articles, with the advancement of stablecoin legislation, the compliance of ETH staking, and even the allowance for US 401(k) retirement accounts to invest in crypto assets, this means ETH has officially transitioned from a 'marginal asset' to 'mainstream finance.'
In summary, the last round was the institutionalization of Bitcoin, and this round is the global sovereignization of Ethereum.
This is not just speculation, but a strategic allocation that global capital is undertaking.
⚡ If you haven't realized the shift in the ETH narrative, you may miss the largest wealth transfer of the next decade.
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