Introduction: As of now, ETH is quoted at 3423 USD, with a rise of about 34.55% in the last ten days, showing strong performance. It not only completely breaks the heavy selling pressure market narrative but also brings the ultimate dawn to the ETH guardians who held firm.

Back at the beginning of the year, ETH once became the leading downturn pioneer among altcoins—nearly halving in a short time, dragging the entire altcoin market down. The market was filled with various bearish voices: ETH has no future, ETH will go to triple digits, ETH has too heavy selling pressure, ETH will break 4000 in 2075, and a series of other pessimistic statements... However, as time passed, ETH completely regained its losses and fiercely slapped all the pessimists in the face with its performance.

Analysis of the underlying logic of this rise


1. The overall market fundamentals are sufficiently positive
(After Trump's tariff adjustments and the easing of the Iran conflict, there are no long-term negative factors interfering with the market)
2. Interest rate cut expectations are approaching
(Signals of liquidity easing are strengthening, and expectations for off-market capital inflow are increasing)
3. Positive signals are being released from the policy side
(Trump's team has shown an open attitude towards the crypto market, reducing policy uncertainty)
4. Institutions and whales are regaining confidence and starting to increase holdings
(Leading funds are beginning to continuously increase their holdings, stabilizing the concentration of market chips)
5. Bitcoin profit-taking is overflowing
(High-level profit funds are flowing out, and ETH is perfectly absorbing it. As shown, the 24-hour BTC trading volume has decreased by 11.69%, while other altcoins have increased by more than 30%)

We have previously mentioned that any single positive factor is not enough to support a long-term crazy rise. Only when most positive factors resonate can such a strong market be generated. In these past few days, I wonder if everyone has felt it; the altcoin season seems to have truly returned. BTC's market share and trading volume are decreasing, while capital inflows led by ETH are continuously expanding. Market funds are pulling up one by one, which makes BTC struggle to recover after being blocked and retracted, while ETH immediately pulls back up after being blocked and continues to strengthen, which is a typical sign of sufficient buying.

PS: A high market share of Bitcoin means that funds are concentrated in Bitcoin. The lower the market share, the more altcoin funds there are, which is also a very obvious part of a bull market performance.

For short-term speculators, the opportunity has arrived. Now we should shift our focus to altcoins led by ETH, but remember not to blindly chase high prices.