ETH violently breaks above 3000! Institutional giants are slaughtering bears, the carnival has just begun!
Ethereum surged 15% in one day, bears are everywhere, a capital game led by Wall Street giants is crushing all bears!
1. Institutional Giants collectively 'flip the table': Bears are ruthlessly crushed.
Spot ETF Crazy Capital Influx: Institutions bought $211M worth of Ethereum in one day (the highest record since June 6), over $500M flowed in July, capital is flooding in like a torrent, and the bear defense line collapsed in an instant!
CME Futures Nuclear Explosion Level Increased Position: Unsettled contracts from institutions soared to $3.27B (the highest since February), with giants like Goldman Sachs and BlackRock quietly positioning themselves, the derivatives battlefield is filled with smoke.
Publicly Listed Company's 'ETHification' of National Treasury: NASDAQ-listed company Sharplink spent $463 million to hoard 176,000 ETH (95% already staked), Bitmine followed with a $250M entry, institutional demand is 4 times the net issuance (buying 200,000 pieces in 30 days vs. newly issued 57,000 pieces), the bear ammunition depot has been pulled from the roots!
'ETH version of MicroStrategy' has taken the stage, while those who missed it are still waiting for a pullback!
2. Technical Nuclear Button Activated: $3,000 is just the starting point!
Violently Breakthrough Key Stronghold: ETH/USD smashed through the $2,850 symmetrical triangle upper boundary (first break in 4 months), taking out $2,845, $2,870, and $2,920 defenses in one hour, price is nearing $3,000!
No Resistance Above: On-chain data shows only 2 weak resistance bands (around 3.4 million ETH each) in the $3,000-$4,000 range, once broken will trigger a 'liquidity vacuum surge', targeting $4,000!
Weekly Bull Market Evidence: ETH has stabilized above the weekly MA200 (around $2,500) and formed 'higher lows', MACD golden cross is moving upward, and a monthly bull flag is brewing—technical bears have been nailed to the pillar of shame!
3. Retail Awakening: From anxiety of missing out to FOMO charge
On-chain Behavior Dramatic Change: The number of deposit addresses on centralized exchanges has plummeted to 23,000 (continuing a downward trend), retail investors are tightly holding their chips and turning to staking, with 112,000 ETH pouring into staking contracts yesterday, the supply contraction bomb has started its countdown!
Trump ETF Ignites the Fuse: 'Blue-Chip Crypto ETF' includes ETH in its core holdings, Cronos (CRO) surged 17.9% in one day, political maneuvering + capital dividends double-kill the bears!
Market Sentiment Extremely Polarized: Retail investors frantically chasing higher vs. institutions with futures premiums only at 5% (neutral to bearish), beware of the potential selling pressure as exchange reserves increase to 18.9 million ETH—but at this moment, the bear corpses are not yet cold!
4. Captain's Sharp Commentary: Hidden dangers and opportunities in the carnival
'Do you think it has risen too much and will pull back? Institutions laugh at retail investors waiting for a dip to increase their positions!'
Short-term Risk: ETH futures open interest surged by 10.6% in one day, historically 11 out of 13 times it triggered a pullback; if it loses the $2,750 support, it may test $2,375.
Ultimate Nuclear Explosion Point: The U.S. (GENIUS Act) is about to land (Ethereum carrying $4T in stablecoin settlement volume), the compliance tsunami will push ETH towards the $4,015 target!
Conclusion
Institutions have taken over the battlefield, pullbacks are money! $3,000 is not the endpoint, but a beacon for ETH to crush bears and aim for historical highs—you, will you be a liquidated gambler, or the winner enjoying the bull market?
