$ETH has just surged to around 2630 USD, the highest since January this year
At the same time, on-chain data shows: the number of wallets holding ETH has hit an all-time high (over 200 million), and whales have also started transferring funds more frequently
But spot ETFs are still seeing outflows this week, so this rally was not driven by institutional ETF buys; it’s likely pushed by retail holders/whales plus possibly a short squeeze
The key is whether it can hold above 2350 USD this week
If it holds, ETH’s performance should be better than Bitcoin, which is still struggling around 80,000 USD
If it falls back, then this breakout will be for nothing
#行情分析📈
At the same time, on-chain data shows: the number of wallets holding ETH has hit an all-time high (over 200 million), and whales have also started transferring funds more frequently
But spot ETFs are still seeing outflows this week, so this rally was not driven by institutional ETF buys; it’s likely pushed by retail holders/whales plus possibly a short squeeze
The key is whether it can hold above 2350 USD this week
If it holds, ETH’s performance should be better than Bitcoin, which is still struggling around 80,000 USD
If it falls back, then this breakout will be for nothing
#行情分析📈