ETH is currently in a dangerous window of chip scarcity. On-chain data shows that the ETH balance on centralized exchanges continues to hit new lows, with ETF fund inflows and SharpLink increasing its holdings by $5 billion.
This means that the price center has been raised, and the change in chip structure has led to a price reevaluation. The current core issue is the extreme compression of supply and demand rather than catalysts.
ETFs continue to buy, while retail investors are gradually handing over chips. If we can directly break through, we can grasp this main upward wave.
If we break through the 4100 resistance, the next stop may directly surge towards the liquidity vacuum zone of 4800-6000, while staying in the market to pay attention to the 3800-4100 area $BTC