Ethereum is currently stuck around $3500, and many people are starting to panic, thinking it can’t rise any further!
But historical data tells us that before every major bull market, ETH tends to 'play dead' for 1-3 months, wearing down retail investors' patience before suddenly exploding.
Institutions are frantically bottom-fishing around $3500. Last week, Ethereum ETF saw a net inflow of $280 million, with major institutions like BlackRock continuously increasing their positions.
On-chain data shows that whales are constantly accumulating in the $3600-3700 range, even exhibiting the classic script of 'retail investors cutting losses, institutions taking over'.
Wang Feng, founder of Blueport Interactive, analyzes that the 'institutional cost bottom' for ETH is around $3650±150, and falling below this range could actually trigger institutional replenishment.
The Layer 2 ecosystem is booming, Gas fees have dropped below $1.
Ethereum's Layer 2 solutions have significantly reduced transaction costs, attracting more users and developers into the ecosystem. This means that the actual demand for ETH is increasing, rather than just speculative trading.
There are now two types of people in the market:
Those who are cursing and cutting losses, and once ETH breaks through $4000, they will chase the highs, only to end up trapped at the peak.
Those who are quietly adding to their positions, using the consolidation period to accumulate at lower prices, and will steadily reap rewards when the market starts to rally.
Alarmist prediction:
If ETH stabilizes above $3800, the next target will be $4100-5000.
By the end of the year, buying 1 ETH might equate to the future value of 2 ETH.
Key question:
Is $3500 a golden pit or a mass grave?
From the perspective of institutional holding costs, $3500-3600 is strong support, with a low probability of falling below.
However, if the Federal Reserve continues its hawkish stance, a short-term dip to $3300 might occur.
What is your current position? Do you dare to increase your stake?
If your position is below 50%, consider buying in batches to avoid putting all your eggs in one basket at once.
If you are already heavily invested, just hold patiently and don’t let short-term volatility shake you out.
What do you predict the maximum ETH price will reach by the end of the year?
Conservative estimate: $4500-5000.
Optimistic estimate: If institutional funds continue to flow in, it could surge to $7000-10000.
Conclusion:
The market always finds a bottom in despair, rises in hesitation, and crashes in madness. The current trend of ETH resembles the 'silent period' before a bull market. Will you choose to cut losses or to position yourself for the future?
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