#美国证券交易委员会推进数字资产监管框架创新 $ETH $SOL $BNB The market signals mapped out by the three-layer game:

Whales have been steadily accumulating at low levels over the past 18 days, shifting their focus from BTC to Ethereum, which is not retail investor behavior. Meanwhile, the weekly net inflow of US spot ETH ETFs has surpassed $200 million, indicating that institutional genuine funds are entering—the directions of these two forces are highly aligned.

Coupled with the manageable impact of the Bank of Japan's rate hike expectations, macroeconomic pressures are clearly easing.

From a technical perspective, Ethereum's trend has shifted from passive waiting to active following, and market consensus on bullishness is forming. The next variable is not whether it will rise, but how the magnitude and pace of the increase will unfold. During this time window, capital is making a statement.