2026-01-06 13:23:01

This wave of the market is really quite intense. Ethereum directly surged past $3200, with Bitcoin and Binance Coin also soaring, and the overall market sentiment has clearly shifted.

From a technical perspective, Ethereum's performance this time is supported by solid fundamentals. The ZK-EVM technology has finally matured, and perhaps many haven't fully realized its significance — it directly breaks the three-way dilemma of blockchain. After the network upgrade, on-chain activity data has increased significantly, and importantly, institutional funds are pouring into ETFs like crazy, indicating that major players have started to take it seriously.

But there's a problem. Global central banks are now playing their own games. The Federal Reserve's interest rates are holding at a neutral position, and the U.S. bond curve might steepen. Many strategists are sounding the alarm — inflation isn't going to come down that easily, and hoping for two rate cuts this year is a bit naive. Whether corporate profits can hold up is a big question mark; if they come under pressure, the market is likely to face intense volatility.

So, the question now is: do you believe technological innovation can support this wave, or do you think macro risks are the bigger threat? Both sides have logical reasons, it just depends on how you choose to bet.

ETH-3%

BTC-1,39%

BNB-0,98%

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CodeSmellHunter

· 9h ago

This wave is indeed fierce, but I'm more worried about the pitfalls on the macro side. ZK-EVM is really impressive, institutional investors are truly entering, but I'm just afraid that one economic data release could ruin everything.

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FudVaccinator

· 01-06 13:52

Institutional entry makes a big difference, but who will fill this macro hole?

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ser_ngmi

· 01-06 13:51

Institutional entry is a signal, ZK this thing indeed changes the game rules --- I don't quite believe in macro risks; history has played out this way --- Wait a minute, is 3200 really the bottom? Feels like it might go up a bit more --- ETF inflows don't lie, this time is different --- Those who understand technology are all increasing their positions, I'll just follow along --- The Federal Reserve's approach is long outdated; Bitcoin is the new order --- If they really cut rates, that would be terrifying; at that point, there's no escape --- ZK-EVM has finally broken the deadlock; it was about time --- Stop overthinking macro issues; on-chain data will tell the story --- Institutions are all bottom-fishing, retail investors are still worried about risks, which is a bit naive

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BearWhisperGod

· 01-06 13:51

Hey, ZK-EVM has been hyped for so long, is it really happening now? Feels a bit late. Is this institutional bottom-fishing wave stable, or are they just trying to cut leeks again? The Federal Reserve really isn't cutting interest rates, this is awkward. Honestly, the technicals are strong, but a macro black swan could wipe it all out. Whether the three dilemmas can be broken or not still depends on the central bank's stance. Is the influx of ETFs really a good thing? I have my doubts. With the pressure of corporate profit margins, can this 3200 hold? Inflation is so stubborn, dare we chase the market in the second half of the year?

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IronHeadMiner

· 01-06 13:32

Institutions have really entered the market this time is different. But it's time to wake up from the interest rate cut fantasy; this macro trap probably needs to be stepped into.

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OldLeekNewSickle

· 01-06 13:28

Bottom-fishing halfway up the mountain, this time it's really going to be a disaster. No matter how awesome ZK-EVM is, it can't stop the macro explosion, brother. --- Institutional entry is the final signal to cut the leeks, I don't believe you. --- Wait, is there a shadow of a Ponzi scheme in this round of gains? Why do I feel something's off? --- Even with good technicals, a sudden steepening of the US bond curve will wipe us out. I've already calculated this scenario once. --- The 3200 level looks comfortable, but I bet five bucks it'll plunge on Friday. --- The current question isn't how high ETH can go, but when the crash will happen. --- For your reference, everyone. I only act after a breakdown is confirmed. Leeks must save themselves. --- ZK-EVM? Still haven't reacted yet, the distribution of chips no longer matches. --- Are big players rushing in madly? I think they're just taking over at high levels, same old tricks. --- This wave of market can't be held. Two rate cuts this year are basically impossible, anyone who believes otherwise is foolish.

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