$ETH Ethereum strongly breaks through 4200! NFT ecosystem funds are flowing back rapidly.

On August 9th, Beijing time at 17:47, the ETH/USDT perpetual contract hit 4248.87, +5.01% in 24 hours, currently reported at 4230.29. On-chain data shows that profit funds are flooding into the NFT market.

1. Blue-chip NFTs are rising:

BAYC floor price increased by 17% in a single day (7.2ETH), Pudgy Penguins trading volume surged 3 times.

2. Bullish control on the technical front:

Price closely adheres to the upper Bollinger Band at 4235, MACD bars continuously expand +1.75.

3. After the top 3 addresses sold ETH, large whales spent 8.9 million dollars to sweep up CryptoPunks.

When ETH investors make profits, funds are flowing back into the ecosystem like in 2017—yet we haven't even broken the historical high!

With capital higher than missing out, when RSI > 80 (current ETH RSI = 75.53), it’s better to miss a 10% increase than to take the last leg.

Historical data shows that in the past two years, after ETH RSI > 80, the average correction within 7 days was 12.7%.

2. Spot trading is king; the current ETH perpetual funding rate is +0.28%, annualized at 102%, meaning if the long position doesn't rise in 3 days, the capital will be wiped out, and if the short position doesn't fall in 3 days, it equals liquidation.

The bull market is the main reason for ordinary investors' losses!

Chasing up in FOMO and cutting losses in panic is the fate of most people.

Remember the LUNA/FTX of 2022, "when everyone shouts this time is different", it is often the night before the collapse; when media headlines declare "cryptocurrency is dead", it is precisely a good opportunity to build positions.

Final words of advice:

Use profits to gamble on dreams, don't use capital to bet on tomorrow. If this round of ETH breaks the historical high, please withdraw 30% to reward yourself—otherwise, it’s just a number jumping in your account.