Sudden nuclear bomb-level good news! Tether prints 2 billion USDT directly targeting the Ethereum network $ETH aiming for the 3500 USD mark
Tether has added 2 billion USDT stablecoins to the Ethereum network, a major move that has directly excited the market. USDT is the most commonly used stablecoin in the crypto market, accounting for more than half of global trading volume. This issuance on Ethereum indicates that large funds are flowing into the Ethereum ecosystem.
Currently, Ethereum's technical indicators show strong upward momentum, running closely along the upward channel. The newly added USDT will directly increase trading demand on the Ethereum chain, which may raise transaction fees. But more importantly, this money will flow into centralized finance platforms, NFT markets, and scaling solutions, creating a good cycle of "money coming in - ecosystem active - value rising."
This wave of USDT issuance has broken through 3400 USD and stabilized, and it is very likely to continue rising to 3500 USD, further consolidating its position as the leader in smart contracts. However, it is important to note that professional traders have begun to short, but the trading volume of Ethereum in exchanges is low, which may indicate that short-term fluctuations could be significant.
The large issuance of USDT has positioned Ethereum at a critical level of 3400 USD. Will it break through or pull back? Follow + leave a message, and we will clarify technical analysis and institutional trends for you every day. Don't miss the next big market trend!