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As the weekend approaches, the market dynamics of Ethereum (ETH) have caught the attention of investors. On Saturday, without any ETF purchases, ETH finally experienced a slight pullback.
From the daily chart, ETH has risen for 11 consecutive days, with daily inflow of funds showing a trend of increasing day by day. Although it briefly dropped to around $3476 in the early hours, the market quickly rebounded, indicating that the buying strength at the bottom remains strong.
The main driving force in the current market comes from institutional investors and new retail buyers. These investors generally set a target price of $4000, consistent with the targets of investors who bought previously in the $3200-3600 range.
However, the key question facing the market is: will institutional investors continue to buy? Will Trump sell off his holdings, causing market fluctuations? These factors bring many uncertainties to the current market.
It is worth noting that the recent passage of three cryptocurrency-related bills by the U.S. House of Representatives could have a significant impact on the market. At the same time, ETH has broken through the $3600 mark, and the altcoin market has also seen an increase. The Binance platform has launched the HODLer airdrop event, and the GENIUS stablecoin bill has also attracted market attention.
In this weekend full of opportunities and challenges, investors need to closely follow market trends and weigh potential risks against rewards. Whether to continue holding, increase positions, or take profits, careful decisions must be made based on individual investment strategies and risk tolerance.