KZG Crypto 口罩哥
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Ethereum shows strong leadership, breaking through $4200
In this wave of rebound, Ethereum's performance is even stronger than Bitcoin, directly surging to $4200, with a 13% increase in 24 hours. This increase is leading among mainstream coins. Why is ETH so strong?
One reason is that it fell quite hard during the crash, especially with DeFi where leverage was cleaned out severely. The deeper it fell, the more room there is for a rebound. Moreover, on-chain data shows that during the crash, whales and institutions were bottom fishing. For example, BitMine bought $158 million worth of ETH, indicating that smart money finds this price level attractive.
Another perspective is that the fundamentals of Ethereum itself are still there. Network activity is recovering quickly, gas fee revenue is stable, and the deflationary model continues to function. These intrinsic values are the fundamental support for its rapid rebound.
One reason is that it fell quite hard during the crash, especially with DeFi where leverage was cleaned out severely. The deeper it fell, the more room there is for a rebound. Moreover, on-chain data shows that during the crash, whales and institutions were bottom fishing. For example, BitMine bought $158 million worth of ETH, indicating that smart money finds this price level attractive.
Another perspective is that the fundamentals of Ethereum itself are still there. Network activity is recovering quickly, gas fee revenue is stable, and the deflationary model continues to function. These intrinsic values are the fundamental support for its rapid rebound.
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BNB
895.71
+1.09%
