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Recently, the Ethereum (ETH) market has shown a positive trend, with multiple indicators suggesting it still has rise potential. The market value to realized value ratio (MVRV) has not yet reached its peak, indicating that ETH may still have further pump space.
Meanwhile, large-scale trades in the market are eye-catching. A well-known investor has once again made a significant purchase of Ethereum, adding approximately 49,533 ETH, which amounts to about $210.68 million at current market prices. This move may reflect an optimistic outlook among some large funds regarding the future trend of ETH.
Another factor worth noting is the U.S. monetary policy. The market expects that the Federal Reserve may cut interest rates in September, with the current probability of this expectation reaching 90.7%. If the rate cut becomes a reality, it could have a positive impact on the cryptocurrency market, especially on mainstream coins like Ethereum.
Overall, the current market environment for ETH seems relatively favorable, but investors still need to be cautious and closely monitor market changes and policy directions.