通往altseason的道路：以太坊（ETH）和Polkadot（Dot）在美联储决定之前更高的地面

随着市场趋势指向“进入Altseason的道路”的第2阶段，Altcoin市场正在进入关键阶段。

Altcoin market trends are indicating a potential entry into Phase 2 of the “Path to Altseason,” according to several market analysts. This development follows a period of downturn for altcoins since 2021, which might now be coming to an end.

据几位市场分析师称，Altcoin市场趋势可能表明潜在进入“进入Altseason的道路”的第2阶段。自2021年以来，山寨币的经济低迷之后，这一发展可能现在即将结束。

The “Path to Altseason” outlines four phases of crypto money flow, beginning with Bitcoin dominance. As this shifts, Ethereum outperformance typically follows. Subsequently, there is a breakout of large-cap cryptocurrencies, culminating in a full-fledged altcoin rally.

“进入季季的道路”概述了加密货币流的四个阶段，从比特币主导地位开始。随着这种情况的转变，以太坊的表现通常超出。随后，出现了大型加密货币的突破，最终以全面的山寨币集会为顶点。

With ETH gathering steam, market participants are anticipating the next phase of this cycle. Notably, institutional interest is shifting towards Ethereum and other large-cap altcoins.

随着ETH聚集的蒸汽，市场参与者正在预期这一周期的下一阶段。值得注意的是，机构利益正在转向以太坊和其他大型山顶山脉。

Despite encountering a rough start to the year, ETH is now seeing a surge in optimism, thanks to several converging factors. As investors await the Federal Reserve's next move on interest rates, Ethereum is taking center stage. A dovish shift, indicating potential rate cuts, could unlock liquidity into the market, setting off a broad crypto rally.

尽管遇到了本年度的艰难开端，但由于几个融合因素，ETH现在看到了乐观的激增。当投资者在等待美联储的下一步行动时，以太坊正处于中心位置。艰难的转变表明潜在的降低速度可以将流动性释放到市场上，从而引发了广泛的加密集会。

Apart from ETH, institutional attention is also pouring into other large-cap altcoins, such as Polkadot. Recently, Tuttle Capital filed an application for a leveraged 2x $DOT ETF, a move that is being interpreted as a bullish sign for Polkadot and the broader altcoin sector.

除了ETH之外，机构的关注也涌入其他大型山寨币，例如Polkadot。最近，塔特尔资本（Tuttle Capital）提出了杠杆2倍$ DOT ETF的申请，该举动被解释为Polkadot和更广泛的Altcoin行业的看涨标志。

Technical chart analysis further strengthens this sentiment, as DOT's recent price action aligns with a classic 5-wave structure, commonly identified in Elliott Wave theory. Analysts are noting the completion of a larger wave 1 and its subsequent correction wave 2, suggesting that the current price action might be at the cusp of the next phase. According to analysts, wave 3, usually the longest and strongest wave in an Elliott Wave cycle, is now expected to unfold.

技术图表分析进一步增强了这种情绪，因为DOT最近的价格动作与埃利奥特波浪理论中通常确定的经典5波结构保持一致。分析师注意到较大的波1及其随后的校正波2的完成，这表明当前的价格动作可能是下一阶段的风口浪尖。根据分析师的说法，第3波（通常是埃利奥特波周期中最长，最强的波浪）现在有望展开。

Mid-cap altcoins, such as Alchemy Pay (ACH), have also seen double-digit growth, with ACH posting an impressive 118% net gain, signaling the early stages of a broader altcoin revival. According to analysts, this might just be the beginning, with targets indicating a potential 55x gain.

中型高级替代币（例如Alchemy Pay（ACH））也看到了两位数的增长，ACH的净收益令人印象深刻，标志着更广泛的Altcoin复兴的早期阶段。根据分析师的说法，这可能只是开始，目标表明潜在的55倍增益。

Alchemy Pay, a Web3 payment gateway, recently secured approval for Digital Currency Exchange Provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). This regulatory milestone places it alongside other prominent competitors, such as Kraken, which is also registered under this regulatory framework.

Web3支付网关Alchemy Pay最近通过澳大利亚交易报告和分析中心（AUTARAC）获得了数字货币交易所提供商的批准。这个监管里程碑将其与其他杰出竞争对手（例如Kraken）一起置于该监管框架下也注册。