Eric Trump Optimistic About ETH: Institutional Buying Surge, Bull Market Momentum Gradually Rising
Recently, Eric Trump, the second son of Trump, responded to the recent price fluctuations of Ethereum. He pointed out that ETH has cumulatively risen 35% over the past five months, and market volatility is a normal phenomenon. He advised investors to view it rationally and increase their positions during dips, reflecting a strong confidence in the long-term value of Ethereum.
This also brings to mind the Trump family's previous attention to cryptocurrencies, especially in the context of unclear crypto policies, as it seems to be positioning for a potential bull market that may come after the elections. Regardless of political factors, there are substantial positive supports in the market.
1. Institutional Funds Continue to Flow In, Strong Buying Pressure
Data shows that ETH spot ETFs recently saw a net inflow of $296.5 million, indicating that a large amount of institutional funds are actively participating. The highly anticipated GENIUS bill is also believed to further benefit the Ethereum ecosystem, promoting compliance and application scenario development. Although there is significant selling pressure at the $4,000 level, Wall Street has the ability to absorb the pressure, laying the foundation for a rebound.
2. Altcoins Welcoming Structural Opportunities
The market momentum is shifting from major coins to altcoins, with XRP and SOL performing strongly, becoming leading indicators for the bull market rotation. Based on capital flows and historical experiences, the next wave of altcoin surges is imminent, and investors should position themselves in advance to seize potential opportunities.
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