Stop guessing! $ETH suddenly took off, here are three reasons
Are you confused? Why did ETH suddenly spike? Don't listen to the complicated stuff; the core is just three points, in simple terms:
Who is buying? — "Smart money" has moved first!
On-chain data doesn't lie. Recently, whale addresses and institutions have been quietly buying ETH. Their money is more honest than any analyst's words. When they move, it shows that real "players" think the price is low enough to enter the market.
What are they speculating on? — The "upgrade story" is back!
The market is again spreading rumors that the Ethereum network is going to upgrade, becoming faster and cheaper. Every time this story is told, everyone starts to reimagine how much ETH could be worth in the future. This is called "speculative hype"; it's an old trick, but it works every time.
Is the timing right? — It has fallen enough, it's time to bounce back!
BTC has stabilized, and the overall market's panic has eased a bit, money is starting to look for places to invest again. ETH has fallen deeply, and the technical chart is also at a point where it needs to choose a direction. Funds, sentiment, and charts are perfectly aligned, and boom, it skyrockets!
Stay calm: this is called "a rebound after a significant drop"; it’s a correction, not necessarily the start of a roaring bull market. Don’t get too excited just because of a rise; stick to your strategy.
