💥A crucial week for ETH, with institutional investments on-chain doubling, the market showdown is imminent! $ETH
ETH market is experiencing unusual movements! From a low of $2,180, it surged violently to around $2,338, with a gain of over 6.8% in just 7 days, rising more than $150 in one breath. But even more explosive data lies behind: the on-chain ETH transfer volume has reached a historical high, with a 7-day average directly breaking 1.3 million transactions. The more congested the network, the more ETH is burned, and with the Pectra upgrade, L2 fees have plummeted by 40% to 90%, leading to inflation expectations.
Money hasn't been idle either. Ethereum spot ETFs have seen net inflows for 5 consecutive days, with $67.86 million poured in on April 15 alone. Although large whales are quietly reducing their holdings, the open interest in futures has already reached $25.4 billion, and leveraged players are still heavily invested.
Currently, the long and short signals are in conflict, and the market is likely to repeatedly test around $2,386. As long as the daily close stabilizes above this 9-month downtrend line, this wave of the market can be considered truly opened. Conversely, if it is pushed back by $2,300, it will likely consolidate in place. The real tough resistance lies at $2,744 and $2,885. Manage your risk well, don't chase highs, and wait for confirmation of direction before making decisions.
Brothers, what do you think of this wave of ETH market? Feel free to leave your thoughts in the comments!
ETH market is experiencing unusual movements! From a low of $2,180, it surged violently to around $2,338, with a gain of over 6.8% in just 7 days, rising more than $150 in one breath. But even more explosive data lies behind: the on-chain ETH transfer volume has reached a historical high, with a 7-day average directly breaking 1.3 million transactions. The more congested the network, the more ETH is burned, and with the Pectra upgrade, L2 fees have plummeted by 40% to 90%, leading to inflation expectations.
Money hasn't been idle either. Ethereum spot ETFs have seen net inflows for 5 consecutive days, with $67.86 million poured in on April 15 alone. Although large whales are quietly reducing their holdings, the open interest in futures has already reached $25.4 billion, and leveraged players are still heavily invested.
Currently, the long and short signals are in conflict, and the market is likely to repeatedly test around $2,386. As long as the daily close stabilizes above this 9-month downtrend line, this wave of the market can be considered truly opened. Conversely, if it is pushed back by $2,300, it will likely consolidate in place. The real tough resistance lies at $2,744 and $2,885. Manage your risk well, don't chase highs, and wait for confirmation of direction before making decisions.
Brothers, what do you think of this wave of ETH market? Feel free to leave your thoughts in the comments!