#以太坊行情解读 $ETH

This cycle is a bit special. To truly understand the entire cryptocurrency market, you need to first grasp the rhythm of the Federal Reserve—essentially, the big cycle of the financial market follows U.S. policy. Many people think that BTC's 4-year cycle operates independently, but that's not correct.

This cycle is indeed the 4-year cycle of BTC, but the key point is that the fluctuations of BTC do not necessarily have to drive other assets. The performance of altcoins and mainstream coins mainly benefits from the liquidity dividend brought by the massive monetary easing during the US cycle; in simple terms, it is the effect of capital rotation.

From 2023 to 2025, what's interesting is that ETH is changing hands, so this period is basically a showcase for BTC—BTC is soaring while ETH is in constant turmoil, showing no remarkable performance. But this is precisely when it's accumulating energy.

By 2026, ETH should break out of its long-term range and start setting new highs, continuously breaking through previous ceilings. This three-year wait has been like various warlords fighting their own battles, with no unified protagonist appearing. Now it's ETH's turn.

When will it break out? A decent rebound is expected to welcome the year-end market. The subsequent increase should be overwhelming, and the previously pent-up emotions will be concentrated and released in 2026.

In simple terms: first, there will be a rebound market in the near future; second, ETH will be the best cost-performance opportunity in 2026.