Factors for the Surge in ETH:
1. U.S. Presidential Election: Trump's victory; Trump is close to cryptocurrency, and his supporter Musk also really likes cryptocurrency. In fact, Musk is the spokesperson for DOGE. After Trump takes office, he will implement some policies to relax or support BTC, and Trump has eight major commitments to fulfill regarding BTC.
2. The Federal Reserve's interest rate cuts are inherently good news for digital currencies. The recent rate cuts and the rise of cryptocurrencies reveal this point.
3. The ETH Foundation has basically fully invested in ETH, which is a significant positive signal for ETH. Amidst multiple positive news, bullish sentiment is at an all-time high, which explains why ETH has performed so well recently.
4. ETH is currently halfway up; since March 12 of this year, ETH has been in a sideways adjustment phase. With this wave of multiple positive news, a new offensive is beginning.
5. 3380 is not the endpoint for this wave of ETH; there is still room above. #ETH🔥🔥🔥🔥 #BTC连续破新高,你看到多少?