Last week, the inflow of funds into Ethereum was truly alarming. Coupled with the fact that many companies in the US stock market are buying in, a total of 390,000 ETH was accumulated through various channels!
Of course, some people must have sold in between, but the selling pressure is negligible compared to the buying volume. So after the price broke 3000, it surged all the way up, and now it’s just a matter of time before it reaches 3700.
Looking at it this way, the idea of buying the dip that was suggested the day before yesterday doesn’t seem wrong, right? We need to keep an eye on the 3750 level as we look upward.
As for whether we can touch the 4000 mark, it still depends on whether institutions have enough ammunition. Ethereum has been stuck for so long, and only by reaching a new high can it reignite the market's confidence in its technological narrative. If ETH breaks through its previous high, and the valuation logic is sorted out, the rotation market might be unstoppable; it could push forward like a bulldozer, moving straight ahead.
#ETH $ETH #以太坊突破3700
Of course, some people must have sold in between, but the selling pressure is negligible compared to the buying volume. So after the price broke 3000, it surged all the way up, and now it’s just a matter of time before it reaches 3700.
Looking at it this way, the idea of buying the dip that was suggested the day before yesterday doesn’t seem wrong, right? We need to keep an eye on the 3750 level as we look upward.
As for whether we can touch the 4000 mark, it still depends on whether institutions have enough ammunition. Ethereum has been stuck for so long, and only by reaching a new high can it reignite the market's confidence in its technological narrative. If ETH breaks through its previous high, and the valuation logic is sorted out, the rotation market might be unstoppable; it could push forward like a bulldozer, moving straight ahead.
#ETH $ETH #以太坊突破3700
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ETH
3,759.3
+4.65%