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Recently, the price of Ethereum (ETH) broke through the $4000 mark, attracting widespread attention in the Crypto Assets market. However, this breakthrough did not lead to the anticipated general rise of the entire encryption ecosystem. On the contrary, it highlighted the increasingly widening gap between mainstream cryptocurrencies and alts.
The rise in the price of Ethereum has indeed delighted many project teams, who have taken to social media to celebrate. However, the reality is that most alts are still performing poorly in terms of price and have not been able to follow Ethereum's upward trend. This phenomenon has prompted market participants to reflect on the future direction of the Crypto Assets ecosystem.
It is worth noting that Ethereum seems to be gradually integrating with traditional financial markets, and its price movements are increasingly influenced by mainstream markets such as the US stock market. This trend may indicate that Ethereum is gradually breaking away from the influence of other crypto assets and moving towards a more independent development path.
Not only small altcoins, but even the once highly regarded Solana (SOL) has failed to perform well in this wave of market trends. Although the market generally believes that the current bull market may last until around October, the overall weak performance of altcoins seems difficult to change. This suggests that the widespread "altcoin season" of the past may not reappear, and it may be replaced by the outstanding performance of a few high-quality projects.
The main driving force of the current Crypto Assets market comes from the approval progress of spot ETFs and related policies by Trump. However, without further monetary easing policies, the Crypto Assets market may continue to follow the trends of the US stock market. The measures taken by Trump to increase his support rate are also influencing the market direction to some extent.
Overall, the Crypto Assets market is undergoing a process of differentiation. Mainstream Crypto Assets like Bitcoin and Ethereum may continue to be favored by institutional investors, while most alts face more severe challenges. Investors need to closely follow market dynamics and cautiously assess the long-term value and development potential of various projects.