ETH surges to 3433! Institutions buy 4.1 billion, is the bull market really here!
ETH just surged to 3433, rising 6.26% in 24 hours! Thanks to the Pectra upgrade, Layer 2 costs have decreased by 51%, and BlackRock bought 750 million dollars worth in June, with holdings exceeding 4.1 billion!
On-chain, 35 million ETH have been staked and locked, reducing the circulating supply by nearly one-third, creating a supply-demand imbalance that ignites the market.
Institutions are voting with real money, while small investors are still fearing heights... Altcoin seasons often explode after ETH breaks through; the last similar signal led to a 1400% surge in total altcoin market cap over a year!
Currently, ETH has entered the 'institution-led' era, and 3600 is the next hurdle; breaking through this will aim for the historical high of 4100. As the bull market approaches its end, volatility increases, and profits should be gradually taken above 4000, keeping some powder dry for a pullback. This round of euphoria might be the last feast of this bull market, don't wait until ETH hits 4000 to regret missing out!
The market is turbulent, experiencing a great storm! If you feel you can't hold on, come find me; I can give you some strategic advice and how to position yourself in the current market! Like and follow Su Xiaowan #BTC #ETH(二饼)