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ETH drove some related altcoins to rise yesterday, briefly surging to 2798 points, slightly breaking through the previous high of 2788. From the trend, it can be fairly certain to say that after the extremely harsh washout from February to April this year, ETH finally shows signs of a big market starting.
From a fundamental perspective, there are several key factors recently that are favorable for ETH. For instance: the stablecoin regulatory framework and the promotion of real-world assets (RWA) are essentially beneficial for the Ethereum ecosystem; on the other hand, the U.S. SEC's attitude towards ETH staking is slowly easing, which also opens up imaginative space for ETH's long-term value. In the future, the proportion of ETH held by publicly listed companies like Sbet may continue to increase. On a macro level, the Federal Reserve’s rate-cutting cycle is still continuing.
I think today's market surge may be related to the progress of trade negotiations between China and the U.S.
This matter is currently receiving high attention in the global financial circle. If the negotiation results are better than expected, it will undoubtedly be a strong positive news for the market and may drive the market further up. The information coming from the U.S. side is also relatively optimistic; for example, Trump mentioned, 'All I hear is good news,' giving the impression that the negotiations are likely to proceed smoothly. However, China has been relatively low-key, only stating that communication is smooth and not revealing more details.
If in the next few days the negotiations are officially concluded and the results indeed exceed the market's original expectations, the market may experience another wave of rapid rise. From the recent trend of stock prices starting early, it is also possible that some insider traders have already grasped the news and entered the market in advance.
However, regardless of how the final negotiation results turn out, the current point is already in a sensitive zone. If one blindly chases the rise at this time, once the market reaction is not as expected or there is a short-term adjustment, the pullback space could be significant. For short-term investors, if the timing is wrong, the risk of loss will be significantly magnified.
I looked at some altcoins I filtered for everyone at the beginning of April!
Two months have passed now, and the altcoins I selected for everyone have mostly shown the most stable trends. MKR AAVE CRV LINK SUI, everyone can check the K-line, the trends are very strong, and my selection of these coins is well-founded.
As the leader in the RWA sector, many people will say that the leader is ONDO, but I didn't choose ONDO because I think its market capitalization is too large, so I chose MKR, and so far, this choice seems correct based on the market performance.
There's no need to say much about AAVE, the leader in DeFi lending. I’ve mentioned before that lending is a necessity in a bull market; people are reluctant to sell their coins, so they use collateral to borrow USDT.
CRV is mainly considered in light of the U.S. stablecoin bill, and currently, CRV's trend looks good.
LINK's trend is average; as a leader in the oracle sector, it may be too highly valued, so its trend is primarily linked to the market.
SUI doesn't require much explanation, a leading new public chain, strong coin.
Basically, every altcoin I selected for everyone to ambush has a set of fundamental logic behind it; I won’t let everyone buy randomly because buying coins randomly in this market is harmful.
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