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#ETH突破4300 #
Based on current data analysis, the core driving forces behind ETH's continuous breakthroughs include:
📈 Strong inflow of institutional funds
BlackRock's Ethereum ETF attracted $640 million in funds in a single day, with ETF holdings accounting for over 5% of the circulating supply, and institutional reserves have grown from zero to a scale of one million coins.
🐋 Whales are actively accumulating positions.
Large amounts of capital continue to flow in, including $8.76 million in ETH purchases and $104 million withdrawn from exchanges, indicating strong bullish expectations.
📊 Technical breakout
Current price is $4605, 24-hour increase is 8%, 7-day increase is 28.56%
RSI reaching 78 indicates strong upward momentum
All EMA moving averages are in a bullish arrangement.
Super Trend Indicator continues to show bullish signals
💰 The imbalance between supply and demand is intensifying.
The ETF inflow is 93 times the net issuance of the network, and the supply shortage is driving up prices.
🎯 Clear Goals
Analysts predict the next targets are $5210 and $6946, with the current breakout trend providing technical support for these targets.
Multiple positive factors resonate, forming a strong momentum for continuous breakthroughs 🚀