#数字货币市场洞察 I've been staring at the 4-hour candlestick chart for a while, and Ethereum is really stuck at the 3250 level. Tried again today, but it still couldn't break through.

But I'm still bullish. Why? Because based on the chart structure and the overall environment, there's a high probability of a second breakout attempt; once it breaks 3250, it’ll basically be a one-way rally.

There are three solid reasons:

**Institutional money is slowly flowing in**

Traditional financial giants like Vanguard and Bank of America are now making small-scale allocations to Bitcoin. Don’t underestimate a “small position”—according to some research institutions, if institutions move just 0.25% of their assets into BTC, it could bring in over $70 billion of incremental funds within two years.

Bull runs are never driven by retail investors shouting; they are built on sustained, large-scale capital inflows. As Bitcoin strengthens, Ethereum, being the second-largest weighted coin, will have even greater upside potential.

**The rate-cutting cycle is coming**

The next Fed chair is likely to be Hassett, who’s a familiar face in the crypto space and leans dovish. The probability of a rate cut in December is already high, and at least three more rate cuts are expected next year.

Once rate cuts begin, liquidity comes in. And the crypto sector has always been one of the first to benefit from loose liquidity—quick to react, highly volatile, and sharp rallies.

**Regulation is finally getting sorted out**

The “Crypto Market Structure Bill” is about to pass. The biggest significance of this bill is that it sets the rules for the industry—clear regulations mean institutions dare to enter on a large scale and hold for the long term.

Before, it was “no road to take”; now, the “highway is built.” Once the road is open, the convoys will naturally come.

So my view is: 3250 is the final hurdle. Once it breaks through, with institutions, policy, and liquidity all coming together, the real trend will unfold.

$BTC $ETH $SOL