Two important events next week will impact the absolute price trend of cryptocurrencies.
The announcement dates are all on the 7th, delayed to the early morning of the 8th Beijing time.
1. The Federal Reserve announces interest rate decisions, and Powell delivers a speech.
The Ethereum mainnet upgrade includes the Prague execution layer and the constellation naming protocol layer upgrade.
First of all, the interest rate remains undisputedly at 4.5%. Although Trump has been continuously pressuring the Federal Reserve and Powell recently, the effect has been minimal or even counterproductive.
If there is no new super narrative in cryptocurrency, the price control will struggle to maintain an upward trend, and it may face a correction of about two weeks. This increase will be defined as a rebound rather than a bull market reversal. The accumulation of chips around 83000 may be further liquidated.
Secondly, the mainnet upgrade mainly revolves around wallet optimization, raising staking limits, and enhancing the network. Ethereum's alternatives are emerging one after another. This upgrade is like just having a meal and being served dessert to adjust the taste. Vitalik holds a pivotal position in the crypto field, but is not irreplaceable. Perhaps our V God really should hand Ethereum's future back to the market!
Ethereum may see a good narrative around the upgrade in the second half of May.
In the first half of the month, I earn points every day through trading, keeping my account and my family's account eligible for Binance futures, with the lowest score being 77 for five accounts as of today.
points
, with a maximum of 105 points. I traded 1024 in one day, and now I am consistently chasing 12 points every day. How many points do you earn each day?