ETH Breaks $4000 but Market Shows No FOMO, Funds Shift Towards ETH

ETH has surpassed $4000, yet the overall market shows no significant FOMO sentiment. The positive impact of 401K has not notably increased BTC purchasing power; the upward trend is more due to reduced selling pressure. ETH trading volume has increased with the news, and the spot ETF $ETHA has also seen a corresponding surge in volume, with traditional ETF funds boosting its activity, indicating a shift in funds.

The strong performance of the U.S. stock market (NASDAQ at a new high, S&P near historical highs) may indirectly support BTC. On-chain data shows a slight increase in BTC turnover rate, with short-term investors concentrated on holding costs above the $107,000 range, and approximately 640,000 BTC accumulated around $117,000, with direction yet to be chosen; the $110,000 support remains solid, having not been breached during last week's low sentiment period. #ETH突破4000