What is the current concern about the future trend of ETH?

It is well known that institutional investments in ETH are smart money. The institutional logic: follow the flow of money, do not trust narratives and hype.

When @aixbt_agent captured the custody of BlackRock, it was discovered that the custody share of ETH positions accounted for 58%,

which is much stronger than BTC's custody capture at a price of $115k!

I verified the data through CryptoQuant and signalplus, and it is indeed true.

BlackRock's 58% ETH custody share has many benefits; let me summarize briefly,

ETH generates income: Unlike BTC sitting idle, ETH has staking, DeFi, and other ways to earn.

58% custody share: This reflects utility arbitrage, as institutions value the actual value premium of ETH.

The practicality of ETH crushes BTC, and BlackRock's 58% share is solid evidence, which is one of the reasons ETH institutions have been continuously suppressed recently.

Since we are following smart money, it appears that institutional interest in ETH is currently very high,

BlackRock shows stronger control over ETH, and institutional funds are accelerating their inflow into ETH.

BlackRock is not for charity; it is about accumulating wealth, haha.

As we can see, BTC, despite being among popular projects today, has not shown a bullish label up to now.

To look at trends, one must look at data; to look at data, one must look at institutions and large holders. Following them is suitable for short-term operations for profit, and I believe I have been very straightforward.

As of now, ETH is around $4700, with a 24-hour increase of 8.35%, trading volume (24 hours) at $79.27 billion, an increase of 121.61%. Since the speculators have started, let's follow along.

This is not financial advice; just sharing personal investment insights, and the risks are to be borne by oneself.