Recently, ETH has risen so sharply for one reason: the vehicle is light, and the accelerator is floored!
First, retail investors have run out of stock—ETH on the exchanges is about to be depleted, with inventory hitting an 8-year low, and there are very few sellers, so the selling pressure is as light as an empty vehicle, making it easy to pull up!
Secondly, institutions are stepping on the gas pedal like crazy, resulting in a 'MicroStrategy ETH version'; a certain company directly dumped 2.9 billion USD to buy up, and this is just the beginning; Wall Street's money is pouring in crazily!
More importantly, nearly 30% of ETH is locked in staking, and the circulating coins on the market are becoming fewer and fewer, so buyers can only grab at high prices!
The historical pattern is even more astonishing; in 2017, retail investors also ran out of stock, and ETH directly skyrocketed 100 times! Now the script is almost repeating itself, with the first target price at 4100, and the next stop headed straight for 4900!
What should retail investors do? Those with stock should hold steady and not be easily shaken out; those without stock should not chase highs, it's safer to wait for a pullback and buy in batches.