According to the current market information, the ETH market shows the following trend:
• Institution and funding situation: Institutions continue to make large purchases, with 820,000 ETH (about $3.6 billion) bought in two weeks, related ETFs attracting $968 million in a single week, and corporate inventories also increasing significantly, indicating strong funding support.
• Technical Analysis: The price has broken through the key level of 4550 USD, showing signs of a potential breakout, with targets set towards the 4800 - 5000 USD range.
• Ecology and fundamentals: Network transaction fees are increasing, DeFi revenues have surged, the ecosystem is resilient, and prices below $3,500 are seen as quality buying points, with a solid foundation for long-term development.
Overall, ETH has the momentum for a short-term upward breakthrough, and in the long term, it has a good prospect due to ecological and institutional布局. However, the cryptocurrency market is highly volatile, and investment should be cautious.
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According to the current market information, the ETH market shows the following trend:
• Institution and funding situation: Institutions continue to make large purchases, with 820,000 ETH (about $3.6 billion) bought in two weeks, related ETFs attracting $968 million in a single week, and corporate inventories also increasing significantly, indicating strong funding support.
• Technical Analysis: The price has broken through the key level of 4550 USD, showing signs of a potential breakout, with targets set towards the 4800 - 5000 USD range.
• Ecology and fundamentals: Network transaction fees are increasing, DeFi revenues have surged, the ecosystem is resilient, and prices below $3,500 are seen as quality buying points, with a solid foundation for long-term development.
Overall, ETH has the momentum for a short-term upward breakthrough, and in the long term, it has a good prospect due to ecological and institutional布局. However, the cryptocurrency market is highly volatile, and investment should be cautious.