Many friends have said that ETH has reached the boundary between bull and bear markets. In fact, this position is indeed very important and is also the peak position for the past two months (red line position). After the bottom came up, it was knocked down after multiple touches, and after a period of oscillation and accumulation, the probability of a breakthrough this time is relatively high.

Because the upward momentum on the daily or 4-hour level is still very strong, it is in a stage of continuous volume increase. In addition, many large holders have started to build positions in ETH again. Moreover, Bitcoin has once again broken through new highs, which basically does not trap anyone, meaning that the cost-performance ratio is not very high. As long as Bitcoin stabilizes without a significant drop, the cost-performance ratio of ETH is still very high.

Therefore, funds flowing out of BTC will definitely prioritize ETH. As the second-largest in the market, ETH, after Bitcoin, still means that ETH is the most potential currency. If you are a large holder, would you choose to continue chasing high with Bitcoin or lay out ETH or SOL? So most people will choose the latter, which is also why ETH's increase is higher than BTC's. BTC has broken through historical highs multiple times, while ETH has just started to improve this time, indicating that large holders have begun to choose ETH.

Once ETH breaks through this trend line, it will usher in a reversal market, and the market belonging to ETH may come. For altcoins, it will also experience explosive market conditions, with the logic being: ETH rising - gas fees rising - increased L2 demand - DeFi TVL growth - ecological coins rotating for compensatory gains. The segments that benefit the most from ETH are as follows in order of priority:

1. L2 Segment: OP, ARB, STRK, METIS

2. DeFi Segment: UNI, AAVE

3. LSD Segment: LDO, SSV, ETHFI

4. Meme Segment: PEPE, SHIB, FLOKI

Once the ETH ecosystem begins to explode, the next to erupt will be the SOL ecosystem. Subsequent updates will be made step by step, mainly focusing on whether ETH can successfully break through and stabilize above this trend line before assessing the future trend.