Ethereum has finally, finally stabilized at 4000 USD!!!
This moment, the E-guardians have waited too long.
But is the current position a new starting point, or a temporary peak?
In the past two weeks, there have been signs of a slight easing in the regulatory attitude in the United States, especially in discussions about crypto-related ETFs and institutional entry, Wall Street has clearly accelerated its layout. The two Ethereum-related US stocks, BMNR and SBET, had transaction volumes of 2.7 billion and 1.2 billion USD respectively last night.
Cathie Wood's ARK Invest, they heavily built positions in BMNR at 38.1 USD on July 22 and 34.9 USD on July 28, and now their unrealized gains have exceeded 20%.
In this wave of market, many retail investors haven't even outperformed her pace—while Wall Street clearly placed its bets earlier than us.
It reminds me of Bitcoin in 2017, when it was at 2000 USD, Tom Lee called for it to rise to 55,000 USD, and everyone said he was crazy.
Tom Lee returned at ETH 2500 USD, again calling for a target of 16,000 USD.
As investors, we certainly cannot rely solely on emotional impulses. But looking at the development trend of on-chain finance, ETH remains the most core asset entry, recognized as one of the mainstream reserve asset candidates. The current 4000 USD, whether it is a phase point of short-term fluctuations or the starting point for the next surge towards 10,000, is worth our serious attention.
Not long after the tenth anniversary, let's watch ETH aim for the heavens in the next decade!
$ETH #eth突破4000 #ETH巨鲸增持