The Conspiracy of Ethereum: Understanding the Big Picture and Summarizing the Market Maker's Trading Logic of Ethereum

1. ETF listing serves as a bait, price halved to wash out chips
When the Ethereum spot ETF was just approved, the market was filled with cheers, but the price plummeted to around $1300, a drop of 70%. This is a typical "washout" - the main funds attract retail investors with good news, and then dump the stocks to gather shares. The market cap has fallen close to the total market cap of stablecoins in its ecosystem, which is its fundamental bottom line.
2. Rebounded from 1300 to 2600, almost without relying on good news.
After falling to a low point, Ethereum quietly doubled its rebound without any significant positive news. This is not a coincidence; it is the market maker quietly accumulating and switching hands.
3. The US stock market has seen the "Ethereum version of MicroStrategy", and signals have appeared.
Recently, the U.S. stock market has begun to deploy funds in Ethereum with a model similar to the "micro-strategy to buy Bitcoin", which is an important turning point signal.
4. Major policy benefits are being rolled out.
Last week, the United States proposed a draft legislation related to stablecoins. In the future, there may be $2 trillion worth of stablecoins in circulation, with at least half of them deployed on the Ethereum network.
5. If stablecoins run on Ethereum, then Ethereum is worth this money.
If there are 1 trillion dollars of stablecoins running on Ethereum, then the Ethereum platform itself would also be valued by the market at approximately 1 trillion dollars, just like a "decentralized SWIFT system". Its value is not created by speculation, but is supported by real demand.
6. It's not a rebound, it's a trend change.
The current trend is no longer a simple rebound after a decline, but a complete trend reversal.
7. Altcoins can't keep up with the pace
In this round of price increase, most altcoins failed to outperform Ethereum, even DeFi or meme projects on Ethereum did not gain much benefit - indicating that market focus is extremely high, and only Ethereum is the core asset.
8. Ethereum may reach a historical high in the second half of this year.
With the resonance of fundamentals + policy + capital, there is a high probability that ETH will reach a new historical high within this year.
9. Ethereum is being bound into the new global financial order.
Stablecoins (digital dollars), U.S. Treasury bonds, Bitcoin, and Ethereum are gradually being bundled into a new financial system. Ethereum is not just a blockchain project; it is becoming a key wheel of this "new vehicle."