#ETH走势分析 💥Three things are rewriting the rhythm of the crypto market

In the past 24 hours, several things have happened simultaneously, changing the outlook for the entire winter market:

**The Fed’s liquidity window has opened**

A UBS report revealed that starting from early 2026, the Fed plans to inject $6.9 trillion into the market through QE and repo operations, with a maximum of $40 billion per month. Remember the "infinite money printing" round in 2020? BTC went from 3,000 to 60,000. Now, the macro liquidity tap has been turned on early, and large institutions have already started reallocating their portfolios.

**Argentina’s financial system is about to go “on-chain”**

The Central Bank of Argentina is drafting new policies to allow all national banks to directly offer crypto asset trading and custody services. Don’t underestimate this country—46 million people under 20% hyperinflation. Once the policy is implemented, "buying crypto natively at banks" will become a reality. The second-largest crypto market in Latin America may be poised for an explosive period, with OTC USDT/ETH premiums already surging to 8%.

**Whales swept up ETH in 3 minutes**

In the past three hours, several large funds withdrew 9,000 ETH ($28.2 million) from exchanges in quick succession, with no signs of dumping on-chain—just pure accumulation. Whale addresses simultaneously added 120,000 ETH, ETH staking yield rose to 4.3%, and total staked ETH is just 2% short of its all-time high.

**How are these three connected?**

Macro liquidity release + national fiat on-ramp open + spot whales buying up

= The market’s "golden triangle" has formed.

**How to actually operate**

Spot: If ETH breaks 3,200, look for 3,800–4,000; if BTC holds above 44,000, the next target is 52,000.

Derivatives: Watch the Latin American stablecoin sector and payment ecosystem opportunities, as well as ETH staking derivatives.

Risk warning: On December 13, the day of the Fed’s rate decision, there may be a "sell the news" reaction in the short term, so remember to use trailing take-profits for protection.

In short: With central banks injecting liquidity and national banks giving crypto the green light, are you still worried about a bear market in this environment?

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