This wave of ETH has risen almost 3 times from buying the dip at 1400😎. The big pump is due to multiple factors overlapping.


1️⃣First, on the market, ETH has not broken its previous high after the two rounds of BTC reaching new highs, and it has also dropped significantly to around 1400, completing a massive washout, with the main force having accumulated enough chips.

From a policy perspective, since MicroStrategy and a number of Wall Street institutions have entered the ETH market, a formal capital operation battle for ETH has already begun. According to regulations, the market capitalization of ETH needs to exceed 500 billion to legally attract more public fund investments. This 500 billion corresponds to ETH needing to rise to above 4300, and institutions need to push the price up to 4300 to secure more capital inflow.

3️⃣ETH has the property of a big drop and a big pump, which is related to its own pass mechanism.
ETH-2.64%
BTC-0.7%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
FuYiyunvip
· 08-15 11:41
Industry top media recognition! ChainCatcher silver medal endorsement, PIJS brand influence reaches new heights. This is not only an honor but also a responsibility!
View OriginalReply0
Dr.Zhang,Mr.Zhangvip
· 08-15 04:28
Sister Jin, pol, near, tru, is there still a chance for these?
View OriginalReply0
View More
IAmMyLegendvip
· 08-15 01:30
Almost no one can accurately buy the dip at 1400.
View OriginalReply0
OldFiveBrothervip
· 08-14 14:19
It's time to trap cash out.
View OriginalReply0
ItWillDefinitelyGetBvip
· 08-14 14:12
Hold on tight, we're taking off soon To da moon 🛫
View OriginalReply0
Zlatanvip
· 08-14 13:16
Quick, enter a position!🚗
View OriginalReply0
CurrencyGlobalvip
· 08-14 13:03
Sister Jin, where will this pullback go, will there be a greater Whipsaw?
View OriginalReply0
View More
BigBrothervip
· 08-14 12:50
Buckle up, we are about to To da moon 🛫
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)