The market is waiting for a real major volatility breakout to make a choice. When it comes to getting into Ethereum, there are three core issues to watch:

1, Trump rejects the peace plan, and geopolitical risk is heating up again.
2, Trump is about to visit China, and the market starts betting on expectations that US-China relations will ease afterward.
3, the CPI will be released tomorrow night, which will determine whether rate-cut expectations for June continue to rise.

The next 48 hours could decide the pace of the entire May crypto market. The key for us is to first focus on how the US stock market moves tonight. Generally speaking, capital tends to make moves early.

Back in 2017, during Trump’s visit to China, the big coin kept rising from $7,000, all the way up to $20,000—three times the space. At that time, the market was in the breakout uptrend from new highs, and there wasn’t an outbreak of a trade war. Nowadays, it won’t directly affect the crypto space. The market capitalization has already expanded by tens of thousands of times compared with 2017.

The focus is still on CPI and geopolitical conditions—whether they will keep pushing rate-cut expectations higher. In terms of direction, it’s still looking from high levels ⬇️. This is mainly aimed at market sentiment, plus the worsening of geopolitical tensions. What should you do? Follow me: $ETH $BTC