Institutions are frantically buying $ETH , $730 million has come in, if it doesn't break 4200, that's the bottom 🚀🚀
In the last 24 hours, institutions have really been busy, buying 167,548 ETH in one go, spending over $730 million! This can't be just a small operation; funds are continuously entering the market.
Looking at the on-chain data, funds in ETH have been flowing in over the past 12 hours, indicating that everyone is scrambling to get in. As long as the 4200 position doesn't break, it basically means we're in a bottoming market, and we can start looking for long opportunities.
Tonight, there will also be non-farm payroll data, and the market has already started to speculate ahead of time, likely a positive outcome. Although ETH is currently facing this small resistance level at 4430, the pullback isn't significant, proving that the bulls are still strong, and a breakthrough is expected soon 💪💪
I'm Minjie, thank you for your attention and support 🌹
