#美联储降息 Recently, the main cryptocurrencies Ethereum(ETH), Solana(SOL), and Binance Coin(BNB) have started to show positive signals in their price movements. On-chain data indicates that large holders have been continuously converting Bitcoin into ETH over the past 18 days, a low-position accumulation activity worth noting. Meanwhile, the weekly net inflow into US spot ETH funds has already surpassed $200 million, indicating that traditional institutions are truly entering the market with real money.

On the macro front, the Bank of Japan's rate hike has had limited impact on the market, and the pressures that previously troubled the market are gradually easing. Overall, Ethereum's trend is no longer about passively waiting for opportunities but about actively riding the trend. The key question now is not whether the market can go up, but how high this rally can reach and at what pace it will develop. Participants in the crypto asset market are closely watching the unfolding of all these developments.