Recently, the Crypto Assets market has shown an interesting situation. Although Bitcoin once again broke through the $122,000 mark yesterday, it has been hovering at a high for a month since reaching a new high in July. Some listed companies continue to increase their holdings of Bitcoin, and the ETF has seen a net inflow of $178 million, indicating strong demand for Bitcoin in the market. However, Bitcoin still seems unable to break through the large fluctuation range and may need more accumulation to continue breaking upwards.

At this critical moment, the market needs a new leader to drive the trend. Ethereum seems to have taken on this responsibility. The exchange rate of Ethereum/Bitcoin has continuously risen from 0.32 to 0.37. The price of Ethereum has surged from around 3600 dollars to 4366 dollars, an increase of over 20%, effectively boosting market sentiment and injecting new momentum for the bulls.

Looking back, Ethereum has often been regarded as the 'short-term king', with each rise typically lasting no more than a month or two. For example, from November to December last year, Ethereum rose from $2400 to $4100, and then retraced to $1385, causing significant losses for many latecomers. However, recently, Ethereum's performance has been different from the past. It has hardly experienced a deep correction, and it is difficult to buy back after selling, even when adjustments occur, they mainly consist of high-level fluctuations.

It is worth noting that when Bitcoin is in trouble, it is often Ethereum that breaks the deadlock first. The current trend of Ethereum reminds people of the bull market in 2021. At that time, Ethereum retraced to 1700 USD after breaking through 4300 USD in May, and market sentiment was low, with many being skeptical about its prospects. However, Ethereum unexpectedly initiated a major upward wave, rising for four consecutive months.

The current market situation is quite similar to that of the past. Does this model indicate that the Crypto Assets market is about to welcome a new round of upward cycles? Investors should closely monitor market trends while remaining cautious and managing risks appropriately.