ETH Breaks $4000: This time, I care more about the changes in underlying forces.
Today, ETH finally broke through the $4000 mark.
If it were in the 2021 bull market, I might have excitedly called for a buy immediately; but now, I am more focused on the underlying funding logic rather than just numerical stimulation.
Not a single emotional impulse, but structural momentum.
In the past six months, ETH's price movement has been suppressed by BTC, but this time breaking through $4000 was not due to a single-day violent surge, but rather it went through three phases of buildup.
Funding aspect: Institutional funds continue to accumulate positions, with a noticeable increase in the frequency of large on-chain transfers, and whales are swallowing tens of millions of dollars in spot orders at once.
