The #以太坊 has really become more resilient. First, it reclaimed $1500 and $2200, and now even $4000 has turned into a new support level. It's worth noting that these positions were significant hurdles in the past, and now they are becoming stepping stones, indicating that buying pressure is genuinely strong.
What's even more interesting is that whales and institutions are continuously increasing their positions: since July, over 200 new addresses holding > 10000 ETH have entered with orders in the hundreds of millions.
As a result, liquidity in the market is locked up, and selling pressure naturally decreases.
Many people are currently focusing on the $4800 level.
Once it breaks through and stabilizes, it could open the door to $6500-8000, or even $10000.
Personally, I feel that ETH's structure is indeed much healthier than before, as if it's following a textbook cycle: accumulation → expansion → discovery!
Now the key is whether we can break through $4800?
What do you think?
Is there a chance for Ethereum to break through $4800 in the next few days and directly enter the discovery phase?
Or will it need to oscillate a few rounds to shake off floating positions?
