⌞ Ethereum aims for $5000 this month ⌝
In a nutshell, retail investors are out of stock.
🚀 Exchange balances have dropped to 15.35 million, the lowest level since 2016. Do you know what happens next? In 2017, Ethereum skyrocketed 108 times, from $8 to $870, ushering in the DeFi boom!
🪂 MicroStrategy's ETH version, three companies are buying like crazy, with BitMine alone purchasing $2.9 billion last month, completing only 0.6% of its planned buy. They aim to acquire 5% of the share, and the other two companies are also making strides. Do you feel the push?!
🦋 On-chain ETH staking has locked in 29.6% of the share. The only Ethereum retail investors have is the Gas used for transactions in their wallets. After last week's crash shook off the bulls, this vehicle is now super light!
🔹 Short-term first target for ETH: Break through the December 2024 high of $4107.
🔸 Mid-term first target for ETH: Break through the November 2021 high of $4868.
The light boat has passed through thousands of mountains, Wall Street is violently pushing up, please hold on tight.
Charge!
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