$ETH 4200: Low position bottom-fishing signal has appeared
$ETH dropped to 4200, many people may worry about short-term fluctuations, but on-chain data tells us that this is exactly the bottom-fishing signal. The net inflow of large wallets continues to increase, and the staking amount remains high, indicating that the main players have confidence in the price. Technically, 4200 is just near a key support level, and the shrinking trading volume actually indicates that panic selling has exhausted, limiting the downward price space. In conjunction with the Ethereum ecosystem, the activity in DeFi trading and Layer 2 usage is also on the rise, providing solid support for prices from the demand side. A short-term correction will not only not disrupt the upward logic, but instead provide an opportunity for low-position layout. If one can build positions during this phase, it will occupy an advantageous position during the subsequent price surge to 6000. Entering the market now means seizing the profit window of the early stage of the main bullish wave.
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