The recent volatility in the US stock market's AI sector has indeed provided the market with many insights. The sell-off last week was mainly driven by two factors—analysts' overinterpretation of the comments from Broadcom's CEO, combined with the grand narrative of extreme ultraviolet lithography as part of the "Manhattan Project." Honestly, these are essentially market noise over the next six months to a year.

But looking at this week's performance makes it clear. AI-related stocks rebounded collectively, even Oracle, which was previously the weakest, rose along with them, although it is still struggling in the quagmire of debt issues. This kind of broad rebound usually signals a message: panic sentiment has dissipated, and the stage bottom is basically confirmed. More direct evidence is that the Nasdaq 100 Index has fully recovered from the declines caused by those "bearish headlines."

For those of us in the crypto world, the key point to observe is ETH. It is inherently endowed with the genes of tech stocks, and its price fluctuations are often more intense than the broader market. This is also why ETH's correlation with the Nasdaq 100 Index has remained high. In other words, how the US stock tech sector moves, ETH is basically inseparable from the influence.