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#加密生态动态追踪 Ethereum(ETH) has recently shown many bullish signals.
Although this decline has a range of 8%, the underlying capital logic is quite interesting — exchange-held coins have dropped to a historic low of 8.7%, indicating that large investors are quietly accumulating 💎. Selling pressure has clearly eased. More importantly, last week, the spot market absorbed $209 million in one go, showing that institutional demand is indeed picking up.
Looking at the weekly chart, Ethereum is building a multi-year inverse head and shoulders pattern, has already broken above the 50-day moving average, and the RSI is also beginning to strengthen 📈. The technical outlook still has confidence. In the short term, if it can break through, $3600 is a reasonable target (approximately 15% upside), with a safety net around $2760 below.
The days of consolidation may be coming to an end, and the bulls are gathering strength ⚡.
Is this really different this time? Let's wait and see.
But the figure of $209 million is indeed interesting. Have the institutions really come back?
It's still the same old problem: as long as it can't break through 3600, it's all just false breakouts.
Let's wait until we break through 3600; currently, the bulls' momentum isn't strong enough.
With $209 million entering the market, institutions are really starting to get restless.
I've looked at the inverse head and shoulders pattern, but I'm worried it might be a false breakout; there are too many tricks.
That said, easing selling pressure is indeed a good thing; the bottom is accumulating.