🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
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📅 Duration: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
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#GateioLaunchpad#
Ethereum going crazy? Hundreds of billions in institutions are scrambling to accumulate, targeting $8000!
Ethereum (ETH) is about to embark on a new bull market, with market data and technical indicators all signaling bullish trends. The RSI has returned to historical support levels, having previously surged over 340% after touching those levels three times. This time is no exception, and analysts predict that ETH could reach $8000 by the end of 2025!
Centralized exchange ETH large withdrawals, reaching up to 49.91 million pieces, indicating that long-term funds are quietly entering the market. Coin A alone has transferred out 44.73 million pieces, what institutional intentions are hidden behind this? Decreased supply + increased demand, ETH is entering a "supply shortage" rhythm.
The MVRV Z score is close to the "undervalued zone"; historically, every time it dips into the green zone, ETH has subsequently surged. The technical aspect is also showing strength, as ETH has broken through the descending wedge, targeting 2800 USD, currently holding above 1800 USD, with a stable upward trend.
Major players like Grayscale and Fidelity are making substantial bets, and Ethereum has seemingly become a favorite among institutions. Multiple signals point in the same direction – ETH may experience a historic explosion in 2025. Are you still hesitating? The market won't wait for anyone.