Yi Lihua: Remains firmly bullish on Ethereum

Yi Lihua, in an article published on X, cited a recent report from Trend Research, expressing a continued bullish outlook on Ethereum. First, Wall Street consensus is strengthening: the SEC Chairman's latest statement on "finance migrating on-chain" indicates that US political and economic elites are jointly promoting the tokenization of US Treasury bonds, with Ethereum as the core platform. Second, the Fusaka upgrade is reshaping value: Blob fees have surged, burning over 1500 ETH in a single day, accounting for 98% of the total. L2 prosperity is strongly benefiting the mainnet, and deflation is imminent. Third, the technical picture is extremely clean: speculative leverage has fallen to a historical low of 4%, and exchange holdings are only 10%. ETH/BTC is consolidating and showing resilience, short sellers are exhausted, and a short squeeze is imminent. In the interest rate cut cycle, funds are rotating from BTC to ETH, which has practical value. The original report can be viewed at "Trend Research: The 'Blockchain Revolution' is Underway, Continued Bullish Outlook for Ethereum".