#ETH创历史新高
📈 Core drivers for ETH reaching a new historical high:
💰 Institutional funds entering the market
Ethereum ETF and treasury entity total reserves have reached a historical high of $50 billion, with ETF reserves of 6.63 million ETH ($30.16 billion), accounting for 5.48% of the circulating supply, indicating strong institutional allocation demand.
🐋 Smart money reallocation operations
Early Bitcoin investors sold 3,968 BTC ($437 million) within 13 hours, exchanging them for 96,533 ETH at an average price of $4,588, demonstrating confidence in Ethereum's future market.
📊 Technical breakout confirmation
The current price of $4,583 has broken through the key resistance level of $4,574, and the daily super trend indicator continues to show bullish signals. The MVRV ratio of 2.15 indicates that investors are holding an average of 2.15 times unrealized gains.
🎯 Clear target price
Analysts expect that if the bull market continues, ETH will break through $5,100 and climb towards the $5,400-$5,450 range. ABCDE co-founder Du Jun has even directly called for a target of $6,000.
🔥 Market sentiment warming
The fear and greed index rose from 48 to 51, indicating a shift from fear to neutrality in the market, laying the foundation for further price increases.
