I did a review again late at night:

From the perspective of the macro structure, ETH is currently basically in a "stage bottom range." On the technical side, the MACD is entering a critical point of convergence, and if a golden cross is confirmed, the market could open up an upside space to 5000.

Once ETH breaks through 5000, BTC going to 150,000-200,000 USD is not out of the question.

A lot of people ask: Isn't this the trend for the next "four-year halving cycle"?
In fact, CZ said before: the four-year cycle may become invalid, and we might be entering a Super Cycle.

My view is closer to: the "tail end" rally is already brewing—mainstream coins will lead first, and then leading ecosystem altcoins could launch into an "end-stage surge mode."

As for today's rise, it's clear that the market is FOMO-ing in advance on expectations of a "50bp rate cut." If the 50bp cut really happens, it will become the key catalyst that triggers the frenzy at the end of the cycle.