Last week, I hinted that Ethereum would test the range of 4650-4550 for adjustments before pushing towards 5000. Over the weekend, Ethereum's lowest was 4680, and it surged to a maximum of 4956. Currently, this support range remains unchanged.

Ethereum Breaks Historical High!

Yesterday, before Powell's speech, the probability of a rate cut in September dropped to 75%, but after the speech, it soared to over 85%, essentially confirming Powell's signal to support a 25 basis point cut in September.

Additionally, in the past couple of days, many ancient BTC whales have been swapping their holdings for ETH. After the activity started on Thursday, Crab Boss clearly stated that many institutions and listed companies now have a more optimistic view on Ethereum's potential, but it doesn't rule out the possibility of swapping back, as BTC's consensus remains relatively high, especially with the expectation of a staking ETF for Ethereum in the second half of the year.

Currently, Ethereum is expected to test the support range of 4650-4550. Once the adjustment is complete, it will inevitably surge towards the $5000 mark.

Regarding altcoins, previously bought LTC at 105 and DOGE between 0.25-0.23 are being held normally. During Ethereum's second exploration a couple of days ago, buying at IP5.5 was aimed at spot trading with the trust launched by Grayscale.

Now is the time to hold and wait for a rise, considering the ETF perspective along with consortium reserves; this cycle must yield results.

For the remaining positions, patiently wait for new signals.