The ETHBTC exchange rate has reached 0.3165, which is the first time it has approached 0.31 since the decline at the end of January this year, taking 6 months. During these 6 months, the E guardians have suffered greatly. Fortunately, this rise is fully supported by volume. Except for the retail investors trapped at 3800-4000, everyone else has broken even.
Institutions have spent so much money to help all retail investors break even. The only thing left is to break through the 4000 level again. But you should know that the institutions are spending such large amounts to buy ETH for the same reason as everyone else: to make a profit!
So where does this money come from? Apart from some counter positions, it also comes from you all who bought at the highs, completing the chip swap between institutions and retail investors. The market is already showing signs of FOMO, and at this time, we need to be cautious about whether institutions have the intent to sell.
I’m not saying not to buy more; of course, buying more is fine since the current market still looks strong. But when you buy, you must run fast when it's time to exit. In trends like this where the daily line hasn’t broken the MA5, if there is a crash, it will be very fast.