Whales are buying wildly! Ethereum is challenging the $2,000 mark, and the return of the bull market is igniting the market!
Ethereum, as the largest altcoin by market capitalization, has quietly sent out a breakout signal! Currently, the price of ETH is stabilizing above $1,500, approaching the critical trend line breakout point. The market is ever-changing, and more and more whales are silently accumulating, making an ETH breakout above $2,000 imminent!
Whales are buying wildly, and market sentiment is soaring!
Recently, the inflow of whale funds has been exceptionally strong, with a newly created wallet increasing its holdings by 9,610 ETH in one go, valued at about $14.54 million! These whales are not only leveraging funds to increase their ETH positions but are also continuously expanding their holdings by exchanging for MKR tokens, showing strong confidence in ETH's future price surge. Within just 48 hours, they exchanged 1,611 MKR for ETH, increasing their position by nearly $2 million.
Institutional funds are quietly flowing in: BlackRock has seen an inflow of $6.43 million into ETH for the first time since February, injecting confidence into the market. Although the outflows from other institutions have not changed the overall situation, this indicates that mainstream institutions are gradually positioning themselves.
The technical outlook is strongly bullish, and a breakout is imminent! From a technical perspective, the future of ETH is even more exciting. In the short term, the price may break through local resistance levels and further challenge the psychological barrier of $2,000. Signals from MACD and RSI indicate that bearish sentiment in the market is rapidly diminishing, and a new upward trend has quietly emerged. The Fibonacci retracement levels and the 23.60% key level perfectly align, and a breakout rebound may lead ETH back to the $4,000 mark. 📊 Right now, Ethereum is at a historic turning point; it's time to reassess your investment strategy. The rebound of Ethereum is not just a simple technical trend but a strong resonance of market sentiment and capital strength. Are you ready to follow the whales and seize this wave of upward momentum?
A wave of breakthroughs is about to explode, keep up with the trend, don't miss out!
