The unemployment claims data and PPI data released last night in the United States are both bearish, causing the market to decline across the board!
Also, later when Trump spoke: Trump's tariff policy will not take effect today, the tariff policy will be postponed, possibly starting from April 1. As soon as this was said, it prompted the cryptocurrency prices to start rebounding!
So next, which asset should we focus on positioning for, in order to reap the greatest profits in the second half of the bull market? Here I recommend ETH (Ethereum) to everyone. Although its recent performance has been lackluster, it will welcome the Prague upgrade next month, and it has been building momentum for a long time. On analyzing on-chain data, it’s found that whales have already been secretly accumulating and buying in bulk. Once the market starts, the explosive power will be tremendous!
Next, I will share some recent positive news about Ethereum:
1️⃣ According to DefiLlama data, Ethereum's TVL has reached 21.8 million ETH, an increase of 11% from last month, marking the highest level since October 2022! Ethereum's TVL (Total Value Locked) refers to the total value of cryptocurrency assets locked in various decentralized finance (DeFi) protocols on the Ethereum blockchain.
2️⃣ The Ethereum Foundation announced that it has deployed 45,000 ETH into protocols like Spark and will explore staking in the future.
3️⃣ A certain whale recently withdrew 97,509 ETH from Binance and supplied or staked it on multiple platforms.
4️⃣ Cboe BZX submitted a modification application to the SEC allowing 21Shares Ethereum ETF to stake.
5️⃣ In the past week, whales have accumulated over 600,000 ETH.
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The Ethereum Pectra upgrade is another significant technical iteration of Ethereum following the Dencun upgrade in March 2024. It aims to enhance the network's scalability, security, and user experience through the integration of multiple improvement proposals (EIPs) for the execution layer (Prague) and consensus layer (Electra).