The Wind Is Back on ETH

1. While BTC reached a new high, it also experienced the largest single-day short liquidation since the bull market began, which means BTC needs time to consolidate, giving ETH an opportunity.

2. ETH/BTC has begun to strengthen, with funds flowing out of BTC into ETH for two consecutive days, which could indicate a trend change.

3. ETH ETFs have seen a net inflow of over 50 million U in the last two days, a recent high.

4. Multiple DeFi projects like ENA, AAVE, and MKR have surged in trading volume, whereas previously it was mostly MEME coins.

5. For the new government, apart from BTC, which has strategic reserve value, only DeFi financial innovation can be showcased, and the DeFi ecosystem of ETH is the most developed.