#layer2upgrades
layer2upgrades
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"Binance users have never been more bearish on ETH, yet $2B+ has flowed into the top-2 asset in just the past month - a 25% price uptick is already on the table.
CONTEXT: The crypto market's largest TradFi players are finally warming up to decentralized finance, with TradFi adoption and Data Token (DAT) purchases sending ETH soaring. Additionally, BitMEX's massive buy, coupled with the long-awaited Ethereum Layer 2 upgrade, further fueling the price hike.
IMPLICATION: We've seen similar "smart money" movements in late June 2022 and January 2023, where massive institutional buying coincided with 50%+ and 30%+ ETH price upticks respectively, leading us to believe that we are on the cusp of a significant market shift - #EthOnTheRise #Layer2Upgrades #TradFiAdoption.
FORWARD SIGNAL: If historical patterns hold, a short-term target of $2125 is possible before the July 15th L2 upgrade.
CONTEXT: The crypto market's largest TradFi players are finally warming up to decentralized finance, with TradFi adoption and Data Token (DAT) purchases sending ETH soaring. Additionally, BitMEX's massive buy, coupled with the long-awaited Ethereum Layer 2 upgrade, further fueling the price hike.
IMPLICATION: We've seen similar "smart money" movements in late June 2022 and January 2023, where massive institutional buying coincided with 50%+ and 30%+ ETH price upticks respectively, leading us to believe that we are on the cusp of a significant market shift - #EthOnTheRise #Layer2Upgrades #TradFiAdoption.
FORWARD SIGNAL: If historical patterns hold, a short-term target of $2125 is possible before the July 15th L2 upgrade.
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