Don't panic anymore! ETH is going straight to 7200, it's still not too late to enter a position!

Recently, the crypto market has started crying out again. When ETH dropped to 2800, a bunch of people sold at a loss and ran away, with the fear index dropping below 25. Did they all forget how cryptocurrency works? To conclude: this adjustment is just institutions washing out positions, and ETH is bound to break 7200 next. The current price around 3000 is like giving away money; if you disagree, come argue!

First, let's look at the most practical on-chain data, this is the real signal! The $2800 area is basically a bottom-fishing zone for whales, with big players holding over 10,000 coins net buying 420,000 coins in two weeks, spending $1.27 billion to take over. In contrast, retail investors panic and sell at the slightest drop, just handing chips to institutions. Isn't this scenario exactly the same as after the FTX collapse in 2022, and before the ETF approval in 2024? Also, regarding exchange reserves, 1.04 million ETH have been reduced in three months, everyone is transferring coins to cold wallets or staking them, and no one is willing to sell. If this isn't the bottom, what is? Historical data shows that after a significant decrease in exchange reserves, the price averages a rise of 65% within 3-6 months. This wave conservatively estimates reaching $4500, not to mention the big moves coming later.

Let's talk about the technical aspects again, those who understand know! The weekly RSI has dropped below 35, indicating overselling. In the previous three instances when this situation occurred, the market rose by more than 40%. Moreover, the market has just completed a liquidity reset, with both buying and selling shrinking to their lowest points of the year. This is a precursor to a turning point; it was the same in 2023 and early 2024, followed by a direct rise for more than ten weeks. Now we are just replicating history!

Next is the main event, the fundamentals are directly maxed out! The Fusaka upgrade is set to launch next week, followed by the BPO upgrade, with the number of block storage units increasing from 6 to 14, a direct increase of 133%. L2 efficiency is about to explode. The DeFi activities on L2 are increasing, and by the end of the year, there is a high probability that 70% of ecological activities will be on L2, while ETH is the final settlement layer. How can this demand be less? Not to mention that the staking amount has already broken 33 million coins, accounting for 27.5% of the circulation, and the circulating supply is getting lower and lower, with deflationary pressure always present. Don't you understand that scarcity is valuable?

There is also institutional funding, this great deity! BlackRock's Ethereum ETF has passed the final approval from the SEC, and once approved, hundreds of billions of dollars will enter the market. Bloomberg analysts say it could bring in $25-50 billion. Citi previously predicted a bull market could reach 6400, which is still conservative; they didn't account for the explosive potential of the Fusaka upgrade. I calculated that with the upgrade + ETF + deflation, reaching 7200 is definitely not a problem, and it could even exceed expectations.

To be honest, in the crypto world, it's always others panic while I am greedy. Now there are still people tangled in the Federal Reserve's policies, tangled in regulations, yet they can't see the whales accumulating, institutions laying out their strategies, and technology upgrading. ETH at 3000 points is like Bitcoin in 2020; if you don't buy now, when it rises to 7200, you'll be slapping your thighs wondering if you can chase it. Trust me, build your position in batches now, hold until mid-next year, and let you see what it means to make money while lying down! If you don't believe it, you can bookmark this post and come back to the comments section to report your success; trolls are also welcome, let's see who gets slapped in the face then! $ETH