Ethereum finally got tough, what is the logic behind it?

As market dynamics change, the following factors support the strong performance of Ethereum (ETH):

Expectations of interest rate cuts in Europe: Europe announced that it will start cutting interest rates in June, which indicates that more liquidity will enter the market. Smart money may have begun to enter the market.

Inflows of Bitcoin ETFs: Bitcoin ETFs have had a net inflow of more than US$900 million for 5 consecutive days, showing strong demand for Bitcoin in the market. At the same time, Grayscale Trust Fund has also been continuously increasing its holdings of Bitcoin in the past 30 days.

Futures Exchange Plans to Launch Bitcoin Spot Trading: The world's largest futures exchange plans to launch Bitcoin spot trading, a move that will further attract major Wall Street institutions to enter the digital currency market.

Traditional funds are pouring in: A large amount of traditional funds are entering the currency circle, the short-selling force is gradually weakening, and the long-selling force is constantly increasing. On-chain data also shows a bullish trend.

The real big market may gradually unfold after Bitcoin breaks through US$70,000. For brothers in the car, it is recommended to hold patiently to avoid missing out.

In addition, the following projects are worth paying attention to and adding to the watchlist:

Ethereum ecosystem: SSV, PendleRWA sector: Ondo, TRU, PolyXChain game sector: YGG, GalaSolana ecosystem: JUP, JTO, TNSR

When these projects have a pullback, you can consider buying on dips.