ETH's "hitting zone" moment

The consensus on Wall Street is strengthening: SEC chairman predicts "within a few years, the U.S. financial market will migrate on-chain", the Trump family - U.S. debt - stablecoins - RWA - the capital network of Ethereum has taken shape. ETH accounts for 64.5% of the total RWA, making it the only public chain that can be quickly repaired.

The Fusaka upgrade is a milestone: blob fees are linked to L1, and the burn contribution rate has soared to 98%, burning 1527 ETH in a single day. As L2 becomes more active, ETH is expected to return to deflation.

The technical outlook is strengthening: leverage has dropped to a historical low of 4%, exchange inventory is only 10%, the Long BTC/Short ETH pair has failed, and short squeeze opportunities are gradually emerging.

Expectations of easing between China and the U.S. + extreme panic that remains unaddressed + value capture upgrade = buy into the hitting zone.

What the market lacks the least is new volatility and opportunities.