Recently, the Ethereum (ETH) market has shown strong momentum, with its price breaking through the key psychological barrier of $4,500, currently hovering around $4,580. This breakthrough has attracted widespread attention from the market, and investors are speculating on ETH's next move. From a technical perspective, ETH has stabilized above the 100-hour simple moving average, which is typically seen as a positive signal. Previously, ETH had followed the overall cryptocurrency market's pullback but found support around $4,415 and then began to rebound. It is worth noting that ETH has successfully broken through a downward trend line near $4,550, which further boosts market confidence. Currently, investors are closely watching the key resistance levels of $4,635 and $4,680. If ETH can break through these resistances, it may open up space for further upside, and it is even expected to test $4,720 or higher levels. However, there is also uncertainty in the market. If ETH cannot break through the resistance at $4,680, we may see a wave of correction. In this case, around $4,580 may become an important support level. Overall, the short-term trend of ETH will largely depend on whether it can break through the key resistance levels mentioned above. In any case, given the volatility of the market, investors should exercise caution when making decisions and fully consider risk management strategies.

With the approval of altcoin ETFs, the ecosystem of the Crypto Assets market is quietly undergoing a transformation. Traditionally, the inflow of funds into Bitcoin and Ethereum often drives the alt zone, triggering what is known as "alt season." However, this time the situation is different. The emergence of ETFs has changed the flow of funds. When traditional financial capital purchases ETFs, it no longer directly enters exchanges as before, thus reducing the possibility of flowing into small and medium altcoins. This change could have a profound impact on the entire Crypto Assets market. In the future, if ETFs for well-known alts like Solana, Dogecoin, Litecoin, Cardano, Ripple, and Sui are approved, the new funds in the market are likely to be directly absorbed by these ETFs. This means that only a few alts that can enter the ETFs will have the opportunity to maintain their market position, gain trading volume, and attention. For most altcoins that failed to enter the ETF, the loss of liquidity may lead them to gradually fade out of the market. This trend may result in future funds primarily concentrating on the main direction of "a few altcoins with ETF support + Bitcoin/Ethereum," while other projects may become marginalized in the market. This change highlights the significant impact of ETFs on the structure of the crypto assets market. It not only alters the flow of funds but may also redefine the landscape of market participants. For investors and projects, understanding and adapting to this new trend will become crucial. At the same time, it also provides us with a new perspective to think about the future development direction of the crypto assets market.

🚀 #Coinbase## Payments Joins Open Intents Framework as Core Contributor for #Ethereum## Cross-Chain Standards #Coinbase## Payments joins Open Intents Framework as a core contributor for #Ethereum## cross-chain standards addressing the $21B crime surge. $ETH #crypto#