$ETH How much can the ancient second see this time?
This morning, Ethereum almost broke through the high of 3700. Currently, there is a pullback, but the overall trend still looks bullish at 4000 USD.
Ethereum is expected to challenge 4000 in the short term. According to Coinglass data, the open interest (OI) of ETH reached a historic high of 6.55 million ETH on Wednesday, valued at 23.34 billion USD, continuing the growth momentum of the past two weeks. At the same time, Velo data shows that the three-month futures premium for ETH on Binance, OKX, and Deribit has soared to 16%.
Recently, Ethereum has performed strongly, nearing 3,700 USD last night, not following the decline of Bitcoin, attracting the market to refocus on its ecosystem. Several popular tokens have performed well.
ENS: Surged over 53% in a single day, currently at 33.25, becoming the best performer among the top 300 by market cap.
Puffer: Soared 60% in a single day, currently at 0.6546.
EIGEN: Increased 25% in a single day, breaking 4.1, just less than 10% away from its all-time high, currently at 3.77.
ENA: Unlike the LUNA model. After extensive research, no collapse vulnerabilities have been found so far. The only potential challenge is a decrease in earnings during a bear market, leading to a shrinkage of stablecoin size. This bull market is expected to reach 10 USD.
The bull market altcoins have arrived; don’t be a mere participant in the bull market. Next month, I will be laying out short-term explosive altcoins that could multiply at least a few times. If you want to keep up, like, follow, and comment to find me on my homepage.
