🔥【Is it the eve of a bull market?】Ethereum may surge to $4000! Institutional whales are quietly positioning!
Ethereum (ETH) recently retracted 6% from its high, causing market nerves to tighten. But don't panic, some analysts believe this could be the starting point for a new round of skyrocketing!
💥Renowned analyst Ali Martinez states that ETH is brewing a challenge for the $4000 mark, with several key signals being released simultaneously:
🧠MVRV indicator flashes undervaluation signal
According to on-chain data, the current MVRV ratio of ETH shows that it is still undervalued. Historically, every time a similar situation occurs, the price of ETH has seen a significant increase.
🐋Whales are frantically buying, quietly increasing their positions by 450,000 ETH
Over the past month, large accounts have been continuously accumulating, with whale wallets increasing by 450,000 ETH. These players tend to be quicker to react and act more decisively, and their large purchases are seen as important signals for positioning before a bull market.
📉Exchange balances plummet, selling pressure eases
Since April, over 1 million ETH has been withdrawn from exchanges, indicating that investors are not in a hurry to cash out and are preparing to hold for the long term. Tight supply + rising demand = price explosion!
💣Key support: $2200
Currently, ETH is stabilizing around $2380, with $2200 becoming the lifeline for determining mid-term trends. If this level is maintained, the market could quickly surge to $3000, or even rush towards $4000.
📈Technical aspect: Triangle breakout is imminent!
Another analyst, Ted Pillows, points out that ETH has been oscillating within a large triangular formation since the end of 2020, and is now approaching the 'breakout point.' Over the past few weeks, ETH has surged 60%, and is now close to the historical resistance peak - $4000!
📌Conclusion:
**This is not a crash, but the calm before the explosion!** Whales have entered the market, data has fully turned bullish, and Ethereum is standing at the threshold of a historic breakthrough. Smart money is already at work, what are you waiting for?