Bitcoin's breakthrough of $120,000 has validated the narrative of digital gold, but the rise of Ethereum and its ecosystem is rewriting the market script.

Ethereum is rising strongly, and the ETH/BTC ratio is releasing key signals. When Bitcoin is in a correction, Ethereum shows impressive strength.

The key driving force behind Ethereum's recent rise is the massive liquidity pool accumulated above the $3000 mark. After successfully breaking through the $3000 resistance level, Ethereum's upward momentum quickly strengthened, pushing the price past the $3400 mark and entering a whole new opportunity range!

The year 2025 may be the inaugural year for the parallel development of "BTC as a store of value" and "ETH + altcoin application layer."

In the short term, altcoins still have room for a rebound, but it is essential to keep a close watch on BTC.D and changes in macro liquidity—when the Federal Reserve's interest rate cuts take effect, the real "bull market" may finally arrive. #山寨季何时到来？#