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#美SEC推动加密创新监管 The current market bull run logic still holds, and holding $BTC and $ETH for the long term remains the mainstream strategy. The expectation of interest rate cuts by the Federal Reserve in December is brewing, which is favourable information for risk assets.
What is more noteworthy is the upcoming significant technical upgrade of Ethereum. Historical data shows that every time Ethereum completes a key upgrade, the ecological activity significantly increases. Considering the two major factors of overall macro liquidity improvement and on-chain fundamental optimization, the target of $ETH reaching $8500 is not a far-fetched idea.
Of course, the specific pace still needs to be observed based on the actual attitude of the December FOMC meeting and the market reaction after the upgrade.
The expectation of interest rate cuts is indeed a bit of a catalyst, but that guy from the FOMC's attitude is key; whether Powell can deliver depends on his specific statements.
Ethereum has been hyped for so long; if it really lands this time, it would be great if the ecosystem can take off, just hope it doesn't experience another price turns lower after positive open.
ETH 8500? Let's see how the December FOMC responds first, don’t speak so confidently.
The expectation of interest rate cuts has been heard for more than a year, but only when it actually happens does it count.