A $3 billion influx of capital is quietly entering the market, is ETH about to take off? The $2400 liquidation line has become a 'breakout' alarm!

Ethereum in the past 45 days seems to be consolidating, but in reality, there are undercurrents.

The 200-day moving average is firmly in place, and ETH's range-bound fluctuations resemble a repressed spring. Institutions are calm, while some retail investors are continuously 'dumping' their holdings during emotional crashes, which is a classic script for capital turnover.

According to on-chain data, a significant amount of funds has flowed into the ETH ecosystem in the past 24 hours, with noticeable bridging funds and stablecoin inflows, while whale wallets have started quietly accumulating. 38 entities have pushed ETH's strategic reserves above $3 billion; this is not speculation, it's a heavy position.

At the same time, ETH ETFs continue to steadily attract capital, with inflows almost daily, and even veteran expert Ted Pillows has stated, 'A breakout is just a matter of time.'

The most critical point is that there is over $5.1 billion in liquidation positions lurking around the $2400 mark. This is not unfounded; it is a real 'breakout zone.' The longer the market remains suppressed, once ignited, it could likely trigger a rapid upward surge.

Moreover, hedge funds have set a new high for short positions on the CME, while institutional capital has been 'silently collecting chips' on-chain. This is not 'singing off-key,' but rather seasoned players making calculated moves.

From a technical perspective, ETH/BTC is nearing a breakout from a multi-year descending triangle pattern; once it breaks out with volume, the target is straight towards $8000+; while ETH/USD is also forming an ascending triangle, laying the structural foundation for further explosive growth.