$ETH 3200 within reach!

There have been many highlights in the crypto market these days. The Ethereum spot ETF performed quite well this week, with a net inflow of $160.8 million, showing that institutional enthusiasm remains strong. Meanwhile, revenue data from the Solana ecosystem has started to increase significantly. According to on-chain statistics, the overall growth momentum of the ecosystem is quite good. In terms of market trends, after experiencing early volatility, the market has begun to rebound, with Meme tokens leading the rotation. However, caution is advised—over the past 24 hours, the total liquidation amount in the crypto market reached $191 million, with short positions accounting for the majority ($158 million), and long positions totaling $33.1 million. Leverage trading still requires caution. From a macro perspective, signals from the Federal Reserve are key. According to the CME FedWatch tool, the probability of a 25 basis point rate cut in January is between 16%-17%, which is not particularly high, indicating that the market’s expectations for a rate cut are still cautious. Additionally, WLFI stated that it will utilize unlocked treasury funds to incentivize the adoption of 1, which is a strong move within the stablecoin ecosystem. Overall, the market is going through a turning period, with significant divergence in the performance of various assets.