The Federal Reserve's upcoming meeting could really bring a major turning point to the crypto market. The policy signals in December are already quite clear—rate hikes are almost done. The information revealed by the dot plot is even more explosive: a potential 25 basis point rate cut in 2026, with unemployment rate expectations also being lowered. What does this mean? The script for a soft landing of the economy is unfolding, and the spring for risk assets may not be far off. The market reaction is quite straightforward. BTC directly broke through the $42,000 mark, and ETH's capital inflow hit a recent high. At this stage, as the policy dividend period just begins to be released, the timing is quite delicate for those looking to enter the market. Once the rate cut expectations materialize, liquidity easing will push funds toward higher-yield assets. In the volatile and imaginative world of cryptocurrencies, such assets naturally become popular options for allocation. The next few months could be the real critical period.

Wall Street veteran Tom Lee has issued another bold statement. The founder of Fundstrat, who previously served as Managing Director at an investment bank and accurately timed the bottom for the S&P 500—now has his sights set on Ethereum. Recently, he boldly declared: ETH is "the most important technological innovation since the birth of the internet," and at the current price of $3,000? That's an opportunity to make money. How does he calculate that? The logic is actually quite straightforward. **First-level deduction**: If Bitcoin can reach $200,000, and the valuation ratio between ETH and BTC returns to its historical average, then Ethereum could potentially hit $16,000. Sounds already quite exaggerated, right? But he has an even more aggressive scenario—if the total value of the Ethereum network actually surpasses Bitcoin, then ETH could theoretically see $250,000. Yes, you read that right, $250,000. **Second judgment**: The four-year cycle in the crypto market may be about to break. Tom Lee believes that 2026 will be the year when Layer 1 blockchains and asset tokenization truly explode. In other words, the current "boring period" is actually a golden window for deployment. The real wave is still brewing, but most people are already losing patience. He himself has made over 100x gains by adopting a "counter-consensus" approach. His clear view is: the crypto market is still in its infancy, and the real opportunity to profit always belongs to those daring enough to enter when no one is paying attention. So, the question is— Where do you stand? A. Agree, anything below $3,000 is a bargain B. Partially agree, but place more emphasis on the macro liquidity environment C. Disagree, ETH needs a new narrative to take off

The performance of ETH these days is quite interesting. Although the buying momentum isn't exactly fierce, compared to BTC, ETH clearly holds up much better. More importantly—attitudes have changed. During that previous period, how was the capital from BlackRock moving? They were aggressively buying BTC but simultaneously selling ETH. Now? It's the other way around; they are reducing their BTC holdings and increasing their ETH holdings. As for Fidelity, they remain the main buyers, and that hasn't changed. This switch in capital flow, to some extent, reflects a subtle adjustment in institutional expectations for ETH. Market sentiment is often hidden in these shifts in data.