Folks, it’s Ethereum’s turn to perform! Are you ready? Ethereum is about to have a nice rebound!
From the on-chain data, we know that some institutions have begun to exchange their Sol for Eth. There have been many positive news for Ethereum recently. Over 1 million ETH have been withdrawn from exchanges in the past week, and the outflow from Ethereum exchanges has hit a 23-month high. This is definitely a big positive. Compared with its competitor, SOL is now unlocked every day, and 11 million SOL will be unlocked on the 1st of the month, which will still have some negative impact on the market! As for Ethereum, there will be a huge benefit in the form of the Ethereum Prague upgrade next month! There should be a wave of compensatory demand!
According to lookonchain monitoring, two whales withdrew 49,250 ETH (about 131 million US dollars) from Binance and Bitfinex.
Yesterday, 0xb99a...BcF5 withdrew 56,909 ETH (about $151.6 million) from Binance.
0xEd0C...4312 withdrew 64,603 ETH (about $171.8 million) from Binance and Bitfinex in the past 48 hours.
In the past week, the inflow of funds into ETH spot ETF significantly exceeded that of BTC spot ETF, with a net increase of 146,541.77 ETH and a total inflow of US$391.4 million, which is twice that of BTC spot ETF. The net inflow in a single day was 106,924.01 ETH, setting a record for the highest single day in history. The market generally believes that the SEC's adjustment to the ETF plan has enhanced investors' confidence in ETH trading and staking mechanisms.
At the same time, Zhu Su, co-founder of Three Arrows Capital, announced that he had closed his BERA short position and switched to long ETH, indicating that some market tycoons have begun to adjust their positions and re-position ETH.
You can place orders near 2580 2560 2530 to buy the bottom and build positions in batches!
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