Get ready for takeoff, my people! 🚀 The crypto universe is on fire, and it’s not because of the summer heat, but because Ethereum is dangerously flirting with its old records and experts are calculator in hand, ready to see if it breaks the sound barrier.
Hold on tight, because this is getting good. In the last month, the price of Ethereum (ETH) skyrocketed like a rocket, up 60%! 📈 It went from one point to another, brushing against $4,770, just shy of its all-time high from 2021. And what’s behind this heart-stopping rise? Simple: the big players, the heavyweights of the financial world, are putting their money into ETH. We’re talking about institutional purchases and those "whales" 🐳—investors with giant wallets—who are accumulating ETH as if there were no tomorrow.
Analysts can’t stop talking about the ETH-M2 chart, an indicator that, according to them, is the definitive signal that the price of ETH is going to explode. One of them, expert Ted Pillows, confessed that every time he saw it, he would run out to buy more. Just imagine the level of confidence!
Another analyst, Crypto Caesar, put it this clearly: if Ethereum breaks its record, it will enter unexplored territory. 🗺️ It’s like it’s about to discover a new continent and people are wide-eyed watching to see if it succeeds.
And to top it off, a Wall Street giant, Thomas Lee from Fundstrat Capital, said that ETH is the "biggest macroeconomic trade of the next 10 to 15 years." 🤯 Why? Because most of the important projects, from those using Artificial Intelligence to those that big companies are creating, are being built on the Ethereum network!
But be careful, not everything is a party. The platform Glassnode issued a warning that no one should ignore: 98% of those who have ETH are in profit! 💰 And history has taught us that when almost everyone is winning, it’s time for some to sell to take profits, which could cause a drop in price. It’s like that famous saying: "if everyone is making money, who is losing it?"
So, while the crypto world wonders if ETH will cross the finish line, we have to stay alert. Will this time the rocket really go to the moon, or is it just a technical stop before a breather? The answer, only time has it!$ETH
