#ETH Recently, this wave of market movement really has some substance. It climbed all the way from $2,840 to $2,990, and now it directly stands at $3,070, with long positions gaining momentum.
There are actually several key drivers behind this round of gains. First, on the Federal Reserve side, the expectation of a 25 basis point rate cut in December has been priced in by the market with an 86% probability — money is likely to loosen, and risk assets naturally gain confidence. More crucially, the Ethereum network upgrade is approaching. If you look back at the historical records, you will fin