🚀 Ethereum is sprinting to $3980, break through this barrier and can enjoy the '4200 feast'? 🔥
Recently, Ethereum (#ETH ) has shown a trend that feels a bit like a 'cockroach that can't be killed'. At the beginning of the year, it was lying flat at $1700 and pretending to be dead, but now it is rolling up and is about to break through the super boss door at $3980!
Why is this number so critical? Because - it is not only a 'technical checkpoint', but also a 'psychological defense line'! It's like getting stuck in a game at a certain level; once you break through, the next reward point could be $4200, which is the peak last touched only during the climax of the 2024 bull market, just a breath away from the ceiling.
📈 Strong momentum, continuous buying, it's looking promising!
Looking at the trading volume and momentum indicators, ETH is really fully charged, showing a 'must break' posture. It's like a Street Fighter character who has charged up their ultimate move, just waiting for you to press the button; it all depends on whether the market gives this wave any favor.
🐳 The whales have come, institutions are also grabbing ETH!
Do you think you are the only one eyeing ETH? No, no, no, the big whales have already taken action!
SharpLink Gaming: bought over 90,000 ETH in one go, spending $275 million! You read that right, it's millions!
Wallets like '0x9684' and '0x35fb' are not to be outdone, together buying over $400 million of ETH!
ETFs are even more aggressive! On July 15, the U.S. spot Ethereum ETF attracted nearly $200 million in investment, with BlackRock alone buying $170 million!
Isn't this enough to illustrate the situation? Smart money is flooding in; the only ones not optimistic about Ethereum might be its competitors.
🎯 Next target: $4200?!
As long as ETH can successfully break through the critical point of $3980, it could head straight for $4200 without looking back. Just thinking about it is exciting, after all, this is the scenery only seen during the 2024 bull market!