#ETH突破4000
Just today, the price of Ethereum (ETH) soared, strongly breaking through $4200, with an intraday increase of nearly 5%, sparking a market frenzy.
From a technical perspective, ETH had previously hovered in the $4000 - $4100 range multiple times, and this breakthrough of $4200 has opened up new upward potential. The weekly 'cup and handle' pattern suggests that the upward trend may continue. The flow of funds also reflects market enthusiasm, with inflows into the spot Ethereum ETF listed in the US reaching $583 million in the past week, setting the highest record since February, as institutions are entering the market in a frenzy.
On-chain data is also impressive, with about 30% of ETH locked up in staking, and the ETH balance on exchanges has dropped to a one-year low, reducing market circulation and driving prices up.
If the US SEC approves a spot ETF for ETH with staking capabilities, it will further fuel ETH's rise. However, investment carries risks, and the risk of a correction cannot be ignored, so everyone must invest cautiously. ✨✨✨✨
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$ETH
