Ethereum (#ETH ) has been on fire recently 🔥, surging 13% in a single day, breaking through the historical high of $4,860! #ETH创历史新高
Market sentiment has been ignited in an instant - ETH is leading the charge ahead of Bitcoin and has also boosted the rise of altcoins. Friends, be aware that the big brother in the DeFi space is still firmly seated on the throne, and the market seems likely to continue! #以太坊生态山寨币普涨
💰 Influx of funds: Ethereum chain remains in a dominant position
In the last 7 days, Ethereum net inflows reached $516 million, easily surpassing the second place Polygon's $103 million 💪. The gap in funds is so large that it proves the confidence of institutions and retail investors in ETH.
Federal Reserve Chairman Powell's speech at Jackson Hole has energized the market - speculation about a possible rate cut in September has driven funds into Ethereum, creating strong buying pressure.
🚀 New weekly high, clear trend
ETH not only broke through the historical high of $4,860 but also closed at $4,876, with a weekly increase of nearly 9%. All short, medium, and long-term moving averages are bullish, indicating that the trend is indeed solid ✅. Key resistance level? There are basically no historical highs left, which means there may still be a lot of room for growth! Support below is at $4,200-$4,300, and currently, the bulls are protecting this lifeline.
📊 Summary: Dominance + influx of funds = next opportunity window
ETH has a solid position in the DeFi space and is one of the preferred assets for investors
On-chain capital inflows and institutional positions continue to increase
The technical trend is strong, and a bullish structure has already formed
In simple terms: Ethereum is currently a favorite among institutions and retail investors 📌, the short-term upward momentum is still very strong, so don't blink if you want to catch the wave!
💡 Crypto tips: Both the funding and technical aspects are telling you that ETH's trend is strong, but don't forget to set stop-losses and manage positions wisely, after all, the crypto market is highly volatile, and stability is key to victory 😉.
Many people understand the trend, but few follow the right rhythm.
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In the current market environment, short-term trading is indeed very necessary. If one keeps waiting for spot prices to rebound, it may feel like a test of time. I have also been actively engaged in secondary short-term and primary low-cap operations recently, with good returns. Friends who want to catch up can feel free to follow me!
