The current trend easily reminds one of the scene last year when $BTC just broke through $70,000. At that time, Wall Street funds like ETF and MicroStrategy were continuously buying, pushing Bitcoin to new heights. Now ETH is following the same path—backed by large-scale funds continuously building positions, especially with institutions aggressively accumulating, which has led to this surge that almost shows no signs of reversal.
When $ETH rises to a certain level, retail investor sentiment is bound to be ignited. Particularly for those large holders who exited early around $4,000, watching the price continuously surge makes it hard to stay put, often leading them to rush back in to average down. Once institutional funds and retail FOMO sentiments combine, ETH will enter an acceleration phase, and a one-day surge of 20%-30% is entirely possible to repeat.
Currently, market funds are still concentrating on ETH; when it reaches a higher position, such as breaking historical highs, funds will gradually flow to other targets to invest in projects like $XRP , #UNI , #LTC , #SUI that have value. At that time, the altcoin rebound will truly arrive.
