Analysis: ETH price drops to $2,100 or becomes a good opportunity for layout

avatar
ODAILY
06-14
This article is machine translated
Show original
Technical graphics and on-chain data suggest that ETH's exploration in the range of $2,100 to $2,200 should be viewed as a strategic buying opportunity. Although ETH has fallen from its high of $2,879 to $2,433, the stable ascending channel pattern is still maintained, with the current price hovering below $2,600. Glassnode data shows that spot ETH ETF net inflows this week reached 154,000 ETH, creating a five-fold weekly average level. BlackRock has also significantly increased its holdings through its ETH trust, with its position reaching 1.51 million ETH, valued at approximately $3.87 billion. Meanwhile, Token Terminal data indicates that the tokenized asset management scale on Ethereum has exceeded $5 billion, reflecting growing institutional confidence in its role as financial infrastructure. Combining seasonal callbacks and year-end investment strategy expectations, multiple signals support ETH experiencing a breakthrough rise by the end of 2025. The institutionalization trend is gradually pushing ETH towards the mainstream investment market. (Cointelegraph)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments