3000 USD! ETH Soars Overnight, Is It the Whales Buying Up? The Truth Shatters the Crypto Carnival!
"At four in the morning, who is secretly buying up Ethereum?" — When the ETH price broke through 3000 USD, on-chain data revealed an astonishing truth: 7 whales/institutions bought up 128,000 ETH in 24 hours, spending 358 million USD! This wave of activity directly ignited market sentiment, but the surge is far more complex than just 'buying, buying, buying'...
Here’s just a personal opinion:
First, let’s talk about the ongoing release of benefits from the Cancun upgrade. Although the upgrade has been completed, the Layer 2 expansion effects brought by the Blob mechanism are still attracting funds, and the DeFi and NFT ecosystems are taking advantage of the recovery, with ETH’s value as a foundational asset becoming prominent!
Secondly, there’s a wave of institutional ETF allocations. VanEck's Ethereum ETF recently rose over 6%, with traditional funds entering the market through this avenue. Who says 'there's no market before interest rate cuts'? Global liquidity has quietly flowed in through stablecoin channels!
Lastly, there’s Bitcoin. BTC’s push towards 100,000 USD encountered resistance, leading some funds to switch to ETH. After breaking the key level of 2800 USD, the bullish leverage was automatically triggered. This surge is simply a perfect combination of 'technical analysis + fund movement'!
Now, some small investors might be asking: Is it still worth chasing high prices now?
Looking at on-chain data: Whale address 0x35fb made a single purchase of 54,000 ETH, with Abraxas Capital closely following. Doesn’t this look like a building signal before the bull market of 2021? But don't forget, 3000 USD is a strong resistance level. If it can't stabilize, be wary of a 'good news fully priced in' type of correction!
Alright, I’ve made it clear now. If you still don’t know how to act, then follow me! I will guide you to discover more hundred-fold coins. Don’t just watch, take action; guessing is not as good as seizing the opportunity!
Finally, let’s boldly speculate: Do you think ETH can surge to 4000 USD this time? Share your reasons in the comments!
