Last night's rise did not continue; today ETH played 'see-saw' all day between 4500-4600, with market makers pushing and pulling. Friends with poor mentality probably sent a wave of warmth to the market makers during the day.
Last night, Old Chen hinted that the market was about to start at 4420, and brothers who followed him gained another 200 points.
Currently, ETH has fallen back into a sideways trend, and Old Chen clearly tells you: the market is about to start! On-chain data shows that whales secretly bought 20,000 ETH around 4550, with a net outflow of 120,000 from exchanges, which clearly indicates 'false volatility, true accumulation.'
Do you remember the small tips Old Chen shared about watching the market? Sideways movement indicates a big move!
Old Chen dares to assert: a strong bullish market will start before the end of this month; whether you can grasp the rhythm and make profits depends on whether you dare to invest.
Old Chen is not just talking; three major pieces of evidence indicate that the market is not over:
1: Ethereum ETF is crazily attracting funds, institutions are loading more and more.
Recently, Ethereum ETF is the true main character of the market! In August alone, over $13 billion flowed in, with total assets under management (AUM) skyrocketing to $28.8 billion! On August 25, BlackRock's ETHA ETF alone attracted over $300 million in a single day, and Fidelity also profited. In contrast, Bitcoin ETF is still bleeding, with a net outflow of over $1.1 billion this month. Clearly, institutional funds are shifting from Bitcoin to ETH!
2: The ETH/BTC exchange rate continues to rise, funds are accelerating the switch.
Don't underestimate the ratio of ETH to BTC, which has now risen above 0.041, with a weekly increase of over 11%! What does this mean? It means money is moving from Bitcoin to ETH. Every time ETH/BTC starts to rise, it historically means that the 'altcoin season' is about to begin.
3: Whales are hoarding coins, on-chain chips are becoming increasingly tight.
Large institutions like BitMine directly bought 190,000 ETH this week, with a market value of about $870 million. Adding in ETF platforms and various whales, over 9% of circulating ETH on the network is now locked by institutions. What does this indicate? It indicates that the market makers have more and more, while retail investors have fewer and fewer circulating tokens to buy.
Old Chen's secret to getting rich: (Must watch for short-term trading)
Wealth accumulation point:
Turning point: 4630, if it stabilizes, look for 4800!
Smart money cost: 4450-4500, light position for long (stop loss 4440)!
Strong support: 4400, pullback accumulation point (stop loss 4360)!
Resistance level: 4700-4800, short-term profit-taking zone.
Ultimate target: 5000! Breakthrough point for historical highs!
Survival tips ⚠️
Don't operate recklessly in the 'cut loss zone' of 4500-4600; there's a 90% chance you'll be harvested by the market makers;
Hold your spot; consider stopping loss only if it really drops below 4400;
Don't go all-in on contracts; otherwise, a single pin can send you to zero.
Finally, Old Chen wants to say something from the heart: the biggest fear in a bull market is not being trapped, but missing out! If you think ETH is expensive from 4000 to 4500, you'll regret it when it rushes to 5000. Remember: market makers eat profits with patience, but we need to seize the era's dividends with a broader perspective. Hold your base position steady; don't be fooled by the small fluctuations in front of you. Old Chen's articles don't boast or make empty promises; they only teach you solid survival skills. Follow Old Chen for daily strategies and know in advance.
