Most people are waiting for the ETH ETF to be listed, hoping that its price action will rise like the BTC ETF did after it was listed.
Unlike the BTC ETF, people hope that the ETH ETF will be a strong catalyst for Ethereum-related tokens.
There are also expectations that after ETH, more altcoin ETFs will be approved (maybe the next SOL ETF?).
If more altcoin ETFs are approved, the ultimate goal of the project will be to get ETF approval instead of listing on the top centralized exchanges (CEX). This will completely change the market's view of the old tokens.
Another market catalyst is the US election, where people hope to elect a crypto-friendly regime and favorable policymakers.
One rate cut is expected this year, and more rate cuts may be expected in 2025. This will bring more liquidity to the cryptocurrency market.
Although the current market conditions are somewhat dull, most people are optimistic about the prospects for the next 2-3 quarters. The mood is to stay calm, not too impatient, but full of confidence and expectations.
