#ETH突破4000
Ethereum's Market Projection and Underlying Logic After Stabilizing Above 4000
The market is validating our predictions
After Ethereum strongly broke through the critical double top resistance of $4000, the market has entered a new ascending channel. According to the institutional models we track, the $4500-$5000 range will become the main battleground for the next phase. It is particularly noteworthy that if it can effectively break through the historical high of $4800, the upper space will directly open up to the $6000+ region.
Three key signals from the funding side:
1. Spot ETFs continue to attract capital, with a net inflow of over $4.2 billion in the past 14 days, and BlackRock's single product seeing nearly $150 million in daily inflow.
2. Listed companies' ETH reserves have surpassed $8.8 billion, an increase of 58% from the previous quarter.
3. The proportion of holdings in large on-chain addresses has reached a nearly 3-year high.
On-chain data reveals the core of the bull market
The proportion of ETH held on exchanges has dropped below 13.5%, a new low since 2016. This implies:
The circulating chips in the market continue to tighten
A potential supply crisis is brewing
Prices possess sustained upward momentum
The current SOPR index remains stable above 1.01, and the MVRV ratio indicates that Ethereum is still within a reasonable valuation range. This suggests:
Holders are generally reluctant to sell
Unrealized profits still have significant room for expansion
The market is far from reaching an overheating stage
