Yesterday, I just said that this round of bull market is a bit of a return to the classic bull market route and gave the ether will hit the 3200-3500 chip dense area, but I didn't expect it to arrive in a few hours. If the classic bull logic is correct, then the next thing is for the SOL to rise, the first target is around 185, and the second target is the 200 integer mark. What cannot be confirmed at the moment is whether it is only the Ether of the pie that has risen with the support of institutions. We need more mainstream and altcoins to join in order to confirm whether the round is a directional release of water flatbread ether cattle or general bulls.
Since yesterday, this bull market has somewhat reverted to the classic bull market of the past. After the pie rose at 123,000 and retraced to 116,000, the rapid rebound of Ether led a wave of gains, and the ETH/BTC exchange rate rebounded by 7%. The market was filled with news that the giant whale position reduction agency entered the market to take over.
The data shows that at present, there are a number of whale wallets with large-amount transfer arbitrage leaving the market, and there are institutional special funds such as BlackRock (2 million), Abraxas, Sharplink (280,000), etc., participating as institutions, and the market capital structure is changing.
If the current trend stabilizes and the pie continues to rebound, the Ether may sprint towards the 3200-3500 stack zone.
I posted late on WeChat, I mentioned it in the group after buying, it's a free group, feel free to come and chat.
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