Ethereum has been quite active recently! Yesterday, BlackRock suddenly bought 22,000 ETH, which directly shocked the market. This move not only prompted large institutions like Grayscale and Fidelity to follow suit, but even ETF funds in Hong Kong started to show unusual activity, marking the largest single-day net inflow since the end of April.
To be honest, this market is really love-hate. I've been looking forward to a bull market since last year, but after waiting and waiting, my account is almost worn down. Every time I see news about institutions entering the market, I can't help but want to jump in, but I always end up getting stuck halfway up the mountain. Now I've learned my lesson; I'd rather be a bystander than easily jump in.
However, Ethereum's price is indeed stable. It suddenly opened high at 2738.7 in the early hours yesterday, and I thought it was going to take off, but then it turned around and went back down. This market is moving slower than my lazy cat downstairs, it's driving me crazy!
Do you think this time the institutions are really going to kick off the market, or are they just here to harvest the retail investors? Feel free to chat in the comments ~ If you want more market analysis, you can follow me! #以太坊坎昆升级