Emergency Alert! ETH's life-and-death line tonight: 4180! If it breaks, it could be halved, retail investors are on a countdown to cut losses!
"Institutions are propping up ETH, but retail investors are stuck in the mud—how far this rally can go depends on whether the 'national team' has deep enough pockets!"
Who is buying ETH right now? The answer is the "national team"!
The report mentions "treasury demand" and "state-owned companies", which basically refers to those big institutions with strong backgrounds and thick wallets. They have been frantically buying Ethereum spot ETFs recently, which is the main force driving this rally in ETH.
This market is essentially an "institutional bull" and has little to do with retail investors. On-chain activity is still low, indicating that market confidence has not truly warmed up yet; it's just a temporary flare.
Stablecoins are ETH's "long-term ticket", but distant water cannot quench immediate thirst!
The report mentions that most newly issued stablecoins are running on the Ethereum chain, which is a long-term positive sign, indicating that Ethereum is still the "home base" for stablecoins. There is also significant growth potential in this area in the future.
Mig's viewpoint: This good news is "futures", not "spot"! It’s unrealistic to expect ETH prices to rise based on this in the short term. It's like saying that the subway will be built downstairs, and house prices will definitely increase in the future, but if you urgently need money and sell your house now, buyers won't pay you based on future subway prices. The short-term stimulation for ETH revenue and price is limited.
Technically, keep a close eye on $4180! This is the "goalkeeper"!
The report finally emphasizes: $4180 is the key support level that ETH absolutely cannot break in the short term! Look at the chart, the price line on the left has repeatedly tested this position. If it can't hold and breaks down, panic among technical traders could easily trigger further corrections.
Technical levels are the psychological defense line of the market. Think about May when ETH held firm at $3000, and then it rallied, right? Conversely, if $4180 really breaks, lower support could look at $3800 or even $3600. This position is the dividing line for bulls and bears in the short term, so it must be monitored closely! #加密市场回调
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