Bitcoin's recent pullback may break through 150,000 or 200,000. Ethereum has been slow to rise, while Bitcoin continues to dominate the main capital flow in the market, especially driven by institutional accumulation and policy expectations (such as the U.S. strategic reserves). Bitcoin's strong performance has compressed Ethereum's upward space. Some analysts point out that Ethereum needs Bitcoin to break through high levels simultaneously to gain more funding support.

Ethereum has not risen

Altcoins are very fatigued, pressure in the futures market

Ethereum futures open interest is nearing historical highs, and excessive concentration of positions may trigger selling pressure risks. If there is a lack of strong buying in the spot market, the “position divergence” in the futures market will suppress the price increase space. Moreover, Ethereum has not received more funding; currently, at the beginning of the bull market, it may reach the explosive phase, potentially hitting 8000/10000#中心化与去中心化交易所 #特朗普媒体科技集团比特币财库 .