Huge institutional investment:
Institutional investor Sharplink Gaming announced a $200 million direct investment in Ethereum, pushing its treasury holdings to over $2 billion, directly stimulating ETH to break through the $4,050 resistance level.
64 listed companies hold a total of 3.03 million ETH, and the scale of the US spot ETH ETF has exceeded $20.6 billion, accounting for 3.2% of the total ETH supply.
Geopolitical Catalysis:
Rumors of a ceasefire between Russia and Ukraine triggered a surge in safe-haven funds into cryptocurrencies, with ETH soaring above $4,200 within an hour.
Technical breakthrough:
The weekly cup-and-handle pattern is complete, the EMA is in a bullish arrangement, and the expansion of the Bollinger Bands shows a surge in volatility.
If the key resistance level of $4,200 is broken, the target will be the historical high of $4,350!
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