Yesterday, Powell released dovish signals, and the market's expectations for a rate cut in September have heated up. Ethereum has broken through its historical high, but daily momentum has weakened and shows signs of low divergence. The weekly structure is good, and a new rising cycle may have already begun.
Altcoins are rebounding along with mainstream coins, but funds have not fully flowed into altcoins yet. Currently, attention can be paid to UNI, ENS, and ETHFI in the Ethereum ecosystem.
Key ranges: BTC support at 115000–115500, resistance at 118000–119000; ETH support at 4620–4700, resistance at 4900–5000.
📌 Overall: Mainstream coins are bullish in the short term, altcoins are warming up but still need to wait for funds to switch, and medium-term opportunities in the Ethereum ecosystem are better.
