Bigwigs swept Ethereum, but the market remained indifferent? ! The historical law failed. When can Ethereum return to the 4000 mark?
Recently, the Ethereum market seems to have fallen into a strange silence. Although many bigwigs have made a move and bought a large amount of Ethereum, the market reaction is surprising, and the price of Ethereum has not risen. This makes many investors feel puzzled. Is it true that the historical law has failed?
Not long ago, James Fickel, founder of Amaranth Foundation, spent an astonishing 24.7 million USDC in just 40 minutes to buy 7,814 ETH at an average price of about US$3,161. Such a large purchase should have brought a strong upward momentum to the market, but the price of Ethereum remained calm.
In fact, James Fickel has long shown a strong willingness to go long in the Ethereum market. He currently deposited a large amount of ETH and USDC in Aave and borrowed a large amount of WBTC. He has been firmly long the ETH/BTC trading pair since December 2023. However, despite the support of this big man, the price of Ethereum still failed to usher in the expected rise.
This made many investors begin to doubt whether Ethereum can return to its past highs? According to past historical rules, when Bitcoin stood above 60,000, Ethereum often followed the rise and even broke through the 4,000 mark. But now, this rule seems to no longer apply.
So, when will Ethereum be able to regain its upward momentum and return to the 4,000 mark? This has become a puzzle in the minds of many investors. Perhaps, we need to re-examine the current situation and future trends of the Ethereum market and look for new investment opportunities and strategies. After all, the market is always full of variables and surprises. Only by maintaining keen insight and flexible operating strategies can we be invincible in the market.