$ETH dropped to 4100: The decline only provided an opportunity
$ETH fell from 4400 to 4100, and many people panic at the sight of a drop, but in fact, this is more like an entry opportunity presented by the market. On-chain data is crucial: the staking volume remains high, and the funds from large holders and institutions have not retreated; instead, they are continuously increasing their positions amidst this volatility. The reduction in circulating chips means limited selling pressure. From a technical perspective, 4100 is close to the previous support zone, and the shrinking trading volume indicates that panic selling has run its course. As long as there is an influx of incremental funds, a quick rebound may occur. The long-term logic has not changed; ecosystems such as Layer2, DeFi, and NFTs continue to increase the demand for ETH, while on the supply side, staking is locked up, leading to tightening liquidity. In this context, the price of 4100 is more like a pullback for consolidation. Once the sentiment warms up, the price will quickly return to the upward channel, and the momentum towards 6000 in September will not be interrupted. For those who dare to act when others are afraid, this is an opportunity window.
