640 million dollars pouring in crazily! Ethereum spot ETF has attracted funds for 8 consecutive days, and the bull market engine is reignited! Exclusive analysis from Long Ge: Institutions are buying the dip, is ETH on the countdown to soar?
Look at the data: money is pouring in crazily!
Yesterday, Ethereum ETF attracted another 640 million dollars, and it has been bringing in money for 8 consecutive days! BlackRock alone bought 520 million, and Grayscale followed with over 60 million. What does this indicate? Major institutions are buying ETH with real money, not just talk!
Comparing to the trend when the Bitcoin ETF was just approved, ETH now looks like it's on a 'discount sale', and when more funds react, the price could soar!
Long Ge's view: ETH is severely undervalued!
Demand surges: ETFs buy ETH to stockpile the spot, and the circulating ETH in the market will decrease, pushing the price up naturally.
Bull market engine: After the last Bitcoin ETF was approved, BTC tripled in value, and ETH has just begun now!
Liquidations are fuel: A few days ago, ETH surged 8%, resulting in 400 million in liquidations of short positions; the more it rises, the worse it is for short sellers, which actually helps the price rise!
Long Ge's judgment: If the inflow speed remains unchanged, ETH may reach 5000 dollars within 1-2 months, and look at 8000-10000 dollars by the end of the year!
What should ordinary people do?
Don’t wait for a 'perfect low price': Institutions are buying every day, and the floor price will only get higher.
Hold on and don’t get itchy hands: The bull market is most afraid of frequent operations; stocking ETH is ten times more stable than trading altcoins.
Pay attention to the September Federal Reserve: If interest rates are lowered, global liquidity will flood in, and cryptocurrencies will inevitably soar.
This wave of Ethereum is 'institutions setting the stage, retail investors performing'! You can still catch the last train now, but don’t wait until it rises to 5000 to regret! How high do you think Ethereum can go? Tell me in the comments, follow Long Ge, and I’m waiting for you to join the battle! #美国7月PPI年率高于预期
