On Friday, the cryptocurrency market experienced a thrilling collective carnival.

Federal Reserve Chairman Powell's speech at the Jackson Hole Economic Symposium hinted that interest rate cuts may be imminent, a message that blew into the digital asset world like a spring breeze. Bitcoin (BTC), Ethereum (ETH), XRP, and Binance Coin (BNB) all surged, and the market's optimism was instantly ignited, as if the entire crypto community was holding its breath for the opening of the bull market's prologue.

ETH breaks through, historical new highs are just around the corner ✨

Stimulated by Powell's speech, ETH surged almost ‘like lightning.’ In just 24 hours, ETH skyrocketed about 15%, reaching a historical high of $4,866. This is not just a numerical breakthrough, but a collective awakening of the entire crypto world. 💡

The excitement in the market comes not only from liquidity release—continuous inflows of ETF funds are also a key factor. Reports indicate that approximately $287 million has flowed into Ethereum ETFs, showing deep recognition from institutional investors for this 'world computer.' When the spot ETF physical redemption mechanism is approved, the boundaries between traditional finance and the decentralized world are gently broken, and the entire market is redefining the investment narrative.

Moreover, ETH is gradually breaking away from Bitcoin's shadow at its own pace, becoming the leader of the public chain sector. Behind the total market capitalization returning to $4.125 trillion, what we see is not just numerical recovery, but the dawn of a new financial era. 🌅

Bull market expectations spread, BTC and altcoins soar together 🚁

Powell's dovish remarks instantly energized bullish assets like Bitcoin, XRP, and BNB. BTC has risen about 4% in the past 24 hours, and although it is still below last week's historical high of $124,000, it has rebounded to around $116,000, forcing bears to give way. Meanwhile, XRP rose about 5%, Solana (SOL) about 4%, and Binance Coin (BNB) soared, breaking the $882 mark and setting a new high.

Analysts point out that the low interest rate environment makes risk assets like stocks and cryptocurrencies more attractive, while also weakening the purchasing power of the dollar, providing sustained momentum for digital currencies to advance. Manuel Villagas, an analyst at Pictet Bank, warns that the market is highly sensitive to central bank remarks and fiscal policies, meaning short-term volatility may be frequent, but long-term bullish sentiment is accumulating. 📈

PelinayPA points out that a large amount of funds are currently being withdrawn from exchanges in Ethereum. Historical data shows that before a bull market starts, funds usually flow out of exchanges, reflecting investors' preference for long-term holding rather than selling. Significant outflows have occurred in previous cycles, such as before the major uptrends in 2017, 2021, and 2024.

Currently, the ongoing negative net outflow means selling pressure is easing, supporting Ethereum's bullish momentum. Analysts believe that although short-term inflows may lead to corrections, in the medium to long term, ETH still has strong upside potential.

Technical and investment logic drive together 🔧

ETH also shows strong upward momentum on the technical charts. Since breaking the $3,762 support level in early August, ETH has been consolidating between $4,000 and $4,631, forcefully breaking through the $4,800 resistance zone this week. Analyst Crypto Jelle believes that ETH is ready to challenge the historical high of $4,878, and in the long run, its bullish momentum could extend to a target of $10,000.

This rise is not just about stacking numbers; it's about reconstructing logic. Ethereum has gradually grown from being Bitcoin's little brother to an independent investment target, as institutions recognize the future value of blockchain technology and decentralized finance. 📊

Sector differentiation, seize the core of the bull market 🏹

As expectations of a bull market heat up, altcoins are also performing impressively. For investors looking to maintain profits in the market, sector selection and positioning of leading coins are crucial. The current main sectors and recommended coins include:

  • Meme Coins: Doge, Shib, Pepe, Floki, Bonk

  • AI Sector: AGIX, WLD, FET, AI, NMR

  • Public Chain Sector: ETH, BNB, SOL, MATIC, FTM, ADA, AVAX, DOT, ATOM

  • Layer 2: OP, ARB, Metis, IMX, MANTA, EGLD, MNT

  • 2024 Halving Related: BCH, BSV, ZEC, ZEN, BTG

  • Gaming Sector: SAND, MANA, GALA, ENJ, RON, PIXEL, ACE, ILV, MAGIC

  • Oracle Sector: TRB, LINK, API3, BAND

  • Payment Concept Sector: MOB, ACH, XLM, CELO

  • Inscription Sector: ORDI, SATS, RATS

  • Storage Sector: AR, FIL, STORI, BLZ

  • DeFi Sector: AAVE, COMP, RDNT, CRV, MKR, DYDX

  • NFT Sector: BLUR, X2Y2, LOOKS, DEGO

  • Modular Sector: TIA, MANTA, DYM, ALT

  • Sports Sector: CHZ, SANTOS, POR, CITY, OG

After selecting the right sectors, the key is to hold firmly and not be disturbed by short-term surges. No matter how much the market fluctuates in the short term, as long as the strategy is clear and the layout is reasonable, there will still be returns after a cycle. 💪

Looking ahead to the fourth quarter: Is a bull market expected? 🌟

From social media analysis to trader feedback, Powell's speech has focused market expectations on a rate cut in September, and the risk-averse and chasing sentiments in the entire crypto community have significantly heated up. Traders warn of a potential 'sell the news' effect in the short term, but in the long run, liquidity support and institutional recognition are providing strong underlying logic for the bull market.

Ethereum, as the leader of the public chain sector, is already on the doorstep of a new round of historical highs, while Bitcoin and altcoins are also continuously breaking through key resistance levels. Both technical indicators and market sentiment suggest that the crypto market may see a strong rebound in the fourth quarter. 📢

In summary, this round of market frenzy is not just a numerical leap, but also a manifestation of belief—expectations of interest rate cuts, inflow of institutional funds, technological breakthroughs, and leading positions in multiple sectors constitute the 'trinity' of the bull market explosion. In this context, firmly holding quality coins and seizing the leading sectors is the most prudent strategy for participating in the future bull market.

💡 Crypto Tips:

Market volatility is significant, but logically clear strategies never go out of style. ETH, BNB, leading public chains, and key sector coins are the core of the bull market that cannot be missed. Stay patient, and bull market profits will come knocking.

✍️ Remember to DYOR, manage risks well, and wish everyone smooth sailing in the crypto world! 🌊

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