Ethereum has finally, finally stabilized at $4000!!!
This moment, the E guardians have waited far too long.
But is the current position a new starting point or just a temporary high?
In the past two weeks, there have been some signs of a more relaxed regulatory attitude in the United States, especially in discussions around crypto-related ETFs and institutional involvement, Wall Street has clearly accelerated its layout. The two Ethereum-related US stocks, BMNR and SBET, saw trading volumes of $2.7 billion and $1.2 billion respectively last night.
Cathie Wood's ARK Invest, they significantly built positions in BMNR at $38.1 on July 22 and $34.9 on July 28, and now the unrealized gains have exceeded 20%.
In this wave of market, many retail investors have even failed to keep up with her pace - and Wall Street clearly placed heavy bets earlier than us.
It reminds me of Bitcoin in 2017, when it was at $2000, Tom Lee called for it to rise to $55,000, and everyone said he was crazy.
Tom Lee returned when ETH was at $2500, and called for a target of $16,000.
As investors, we certainly cannot rely solely on emotional impulses. But from the perspective of the development trend of on-chain finance, ETH remains the most core asset entry, and is recognized as one of the mainstream reserve asset candidates.
The current $4000, whether it is a phase point of short-term volatility or the starting point for the next surge towards ten thousand dollars, is worth our serious attention.
Not long after the tenth anniversary, let's watch ETH aim for the sky in the next decade!
$ETH #eth突破4000 #ETH巨鲸增持