$ETH
Ethereum has officially broken a new high, just a step away from the $5000 mark. When will this step be taken?
This surge in Ethereum was anticipated. When Powell's dovish remarks ignited market enthusiasm, institutions had already quietly positioned themselves. For a period, institutions began to quietly allocate resources.
Driven by significant institutional buying and a large outflow of funds from exchanges, the price of Ethereum has risen above $4,500 and is now stabilizing around $4,700.
This new institutional demand is driving bullish momentum.
Therefore, Standard Chartered has set a target price of $7,500 for Ethereum within the year.
This series of signals proves that institutions are optimistic about Ethereum and the entire market.
Thus, the $5000 target is no longer a difficult goal.
For those who want to hop on the train, follow Li Ge
