$ETH The #ETH is about to break through the fluctuation range of the past month. If ETH stands back at 2850, it means that it has regained all the losses from the 'recession trading' since February 24. For ETH, it will almost no longer price in the negative impact of recession for the year (correspondingly, the expectation of interest rate cuts will also drop significantly, and there is a high likelihood of 0-1 interest rate cuts within 2025).

Since Trump took office, the main contradiction in the market has been the tariff policy and its effects. During the China-US meetings, the market priced in optimism (crude oil ↑ gold ↓ small-cap stocks ↑ cryptocurrency ↑). If progress is made on the trade conditions exchange of 'technology-rare earths', it is possible to form a wave of right-sided trend trading, and I personally feel that the difficulty for bulls is decreasing (analogous to the market in November 2024), until the market is awakened by inflation data to the 're-inflation trading'.