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#TRUMP ETH today is like a doping, directly breaking through the $3,200 mark!"
The square immediately fried the pot, and a vote of people shouted "the bull market is back", but the price slipped nearly 50 points from the highest point in less than 20 minutes of happiness, and now it is holding back and forth around 3180. Is this the main force reversing to pick up people, or is it a bull trap? Let's take a look rationally.
On the news side, this wave of pull-up is indeed supported by hard goods - the legendary Fusaka upgrade officially landed this morning. This upgrade directly pushes the block gas cap to 60 million, and at the same time cuts the fee of the Layer 2 network by 40%-60%. To put it simply, the highway has been widened and the toll has been discounted in half. In the long run, on-chain activity is likely to increase, which is a real benefit to the Ethereum ecosystem. If even this can't bring a wave of market, altcoins are probably really going to have to stop.
But then again, don't rush to fill the position. This medicine is not a fast-acting heart-saving pill, it has to be digested slowly.
Why do you say that? Because on the other side of the good news, the bad news is not idle. Bank of Japan Governor Kazuo Ueda suddenly jumped out and said: "The neutral interest rate is still exploring, but the nominal interest rate should rise. "With this voice down, the yield on Japan's 10-year government bonds soared directly to the highest point since 2007! What does this mean? Global liquidity may be drained by Japan's suction pump to fill their own debt holes. Risk assets are most afraid of this kind of pumping operation, the volume of the crypto market, and play with a hammer as soon as the water is drawn away?
So