$ETH 4200: The market is quietly bottoming out
$ETH adjusted to 4200, but this is not a risk; rather, the market is quietly bottoming out. The increase in active addresses on the blockchain indicates that users are still continuously participating, while the net inflow of funds from large wallets shows that the main players are quite confident about the future market. From a technical perspective, the dense trading area around 4200 constitutes solid support, and a short-term pullback helps to relieve the pressure from previous buying, accumulating power for the next wave of increases. Considering the growth of Ethereum's ecosystem applications and institutional layout, the short-term adjustment actually makes the market healthier. Entering the market now means you can lock in low costs during the first half of the main uptrend. The target of 6000 by mid-September is not a fantasy but a natural result of the dual resonance of fundamentals and capital flows.
