Recent technological advancements in Ethereum have sent some noteworthy signals. According to the official roadmap updates, ZK-EVM has entered the alpha stage, and PeerDAS is about to go live on the mainnet. These two developments together point directly to a long-standing core challenge in blockchain—how to balance decentralization, security, and transaction throughput. To put it more plainly: these factors were previously considered "impossible to satisfy simultaneously." But with the latest technological iterations, the situation is changing. The application of ZK-EVM makes on-chain computation verification more efficient, while the deployment of PeerDAS addresses the data availability bottleneck. Combined, they enable Ethereum to significantly increase network capacity while maintaining security and decentralization. From a market perspective, what does this mean? Simply put, the logic of capital allocation is shifting. When a public chain can demonstrate a clear technical roadmap and is actually implementing it, institutional investors' attitudes will change noticeably. The phase of "altcoins rising en masse" driven by emotion is giving way to fundamentals-driven growth. Assets with practical application prospects and verifiable technological progress are beginning to attract more attention. The practical impact on participants can be seen on several levels: **Asset Allocation**: If you are optimistic about Ethereum’s long-term position, holding it as a core position is more prudent than frequently chasing other tokens. The benefits of ecosystem development are not realized overnight, but the certainty is increasing. **User Experience**: Currently, Layer 2 networks like Arbitrum and Base have matured to the point of daily use. These second-layer solutions inherit Ethereum’s security while offering lower transaction costs and faster confirmation speeds. Getting accustomed to interacting on these networks aligns with the direction of ecosystem evolution. **Mindset Adjustment**: From a technical perspective, it will take several quarters for these upgrades to become fully stable. During this period, there will be short-term fluctuations, noise, and pullbacks. Focusing on key technical milestones (such as the timing of the next major upgrade and relevant metrics) is more meaningful than daily price watching. The underlying logic is: when the technical narrative becomes clear and implementable, the window for re-pricing long-term value opens. Whether to follow the most certain trend or be driven by short-term volatility depends on your understanding of your own holding logic.

According to on-chain data statistics, the derivatives market in the past 24 hours has been full of twists and turns. The total liquidation amount across the entire network has reached $180 million, with longs bearing the greatest pressure, totaling $50,378,300 in liquidations, while shorts haven't fared much better, with $129 million in liquidated funds. Looking at specific cryptocurrencies, Bitcoin saw long liquidations of $5.93 million, while short liquidations were even more dramatic—$52.54 million. This indicates that in this market movement, short sellers were hit even harder. The situation is similar for Ethereum: longs were liquidated for $7.4 million, while shorts faced $22.98 million in liquidations. More heartbreaking data shows that in just 24 hours, 79,700 people experienced liquidations. The most severe case occurred on a major exchange's BTC-USDT contract, with a single liquidation amount of up to $4.15 million. Behind these numbers are real losses of hard-earned money, serving as a stark reminder of how risky leveraged trading can be.

Bitcoin just stabilized above the previous resistance level of 91,290. Many are asking what’s next. From the chart, both the 7-day and 25-day moving averages are supporting the price below. This typical breakout pattern suggests that, according to common strategies, there’s a high probability of a short-term pullback for confirmation. The expected pullback range is around 90,600-90,800. If it holds, there’s a chance to continue the upward push toward new highs of 91,300-91,800. Recently, the Fed’s rate cut expectations and other geopolitical factors have also been fueling this rally, but such catalysts usually have a short-lived impact, so it’s important to keep an eye on key data. From a trading perspective, consider going long on Bitcoin in the 90,600-90,800 range, targeting around 91,300-91,800. For Ethereum, the 3080-3100 zone is a good entry point, with targets at 3150-3180. As for SOL, its trend is relatively independent and requires separate observation. Overall, the current approach is to see if the pullback is effective before deciding on the next move.