Bitcoin experienced a drop for a short time before the U.S. stock market opened yesterday, and then basically maintained a low level, slowly rising back a bit afterward, but the momentum is not strong. Now the overall environment no longer supports continuous panic selling; instead, various positive news is attracting a large amount of capital to buy in.

From the 4-hour perspective, there is a noticeable resistance in the range of $96,000 to $98,000.

Additionally, according to official news from Ethereum, the upgrade to the mainnet was completed at 5:49 AM today. This upgrade was carried out simultaneously on both the Ethereum consensus layer and execution layer, increasing the block Gas limit to 60 million, which is expected to reduce L2 fees by 40% to 60%.

After the upgrade news was released, Ethereum also rose nearly 5% to break through $3,200.

Regarding the upgrade, I believe this is all paving the way for future staking ETFs. The increase in GAS limit, along with the reduction in L2 fees, are all advantages. For significant price increases, the functionality of staking ETFs is needed.