Recently, market sentiment has indeed been changing. Some are optimistic that certain emerging projects can turn the tide in this cycle, while others remain cautious about the overall macro environment. Honestly, this kind of polarized expectation is quite common—either profit from the story or become a cautionary tale within it.

As a mainstream cryptocurrency, ETH's recent performance has been influenced by multiple factors. On one hand, the ongoing fermentation of the US trade deficit issue directly impacts market expectations regarding dollar policy, which in turn affects liquidity in the crypto market. On the other hand, on-chain activity and the development of ecological applications are providing support for long-term value.

The key now is whether the market can remain rational amid these macro backgrounds. Uncertainty in trade conditions often amplifies fluctuations in risk appetite. If you're participating at this stage, you should pay more attention to fundamental data rather than short-term emotions. The practical implementation of ETH ecosystem applications, gas fee optimization, and other details are more worth tracking than macro speculations. Ultimately, the market always tests participants' resolve and patience.