$ETH has been experiencing ETF fund purchases since May, helping ETH rise from $1800 to $2800. Subsequently, the market entered a new round of fluctuations. It wasn't until $BTC broke through $120,000 that ETF funds for purchasing ETH significantly increased again.
On the 16th, a single-day purchase reached as high as $727 million in ETH, propelling the price from $3150 to $3400 in one go, wiping out most of the shorts. The spot buying power is very strong.
This time, the E Guardians can be said to be really different. From the pullback this morning, it only retraced $100 before breaking through to a new high, proving that institutions have not sold off, and this $100 drop was mostly caused by retail investors exiting.
In April, I asked at the temple if this year $ETH would reach a price of 3600.
While everyone is shorting, institutions are buying, and the noble E Guardian is holding strong. In 3 months, it rose from 1616 to 3425.
Achieving a doubling in growth! No one can say anything against the esteemed E Guardian!
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