From the K-line perspective, ETH has closed above 2500 for five consecutive weeks on the weekly chart, which is healthy and strong compared to the weekly charts of all mainstream coins. If the pattern holds, this is an important accumulation zone for future upward movement.
2. If you chase after ETH at the highs as these institutions suggest, you can make money, but it is definitely not as they say that the institutions have just entered the market. They are downplaying the situation and trying to use their influence to mislead retail investors into buying from them. This is because they hold a large amount of call options.
3. On the monthly chart, ETH has also broken through, and the view that ETH will challenge historical highs by the end of the year remains unchanged.