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In the past week, the crypto assets market has once again become the focus, with the price performance of Ethereum ( ETH ) being particularly impressive. According to on-chain data, an unidentified large investor purchased approximately 220,000 coins of ETH within a short period, with a total value close to 1 billion USD. This move directly drove the price of ETH to rise by 21% within a week, successfully breaking through the important psychological barrier of 4200 USD.
This is not an isolated event. Since July 10, over 1 million ETH have been absorbed by various large funds in the market, with a total value exceeding 4 billion dollars. This large-scale influx of funds suggests that some major investors may have foreseen significant opportunities for ETH in the future.
With the rise in price, the market value of ETH has surpassed that of some traditional financial giants, such as Mastercard, entering the top 25 global assets ranking. This milestone breakthrough signifies that the position of Crypto Assets in the global financial system is gradually improving.
From a technical analysis perspective, ETH has broken through a symmetrical triangle formation that has formed over many years, which is seen by many analysts as a strong bullish signal. Some optimistic predictions even set the target price for ETH at $15,000, which would imply a potential rise of 250% if realized.
However, the concentration of large funds entering the market also brings potential risks. Although it may stabilize prices in the short term, if these large holders were to sell off en masse, the market could face severe volatility. Currently, the concentration of ETH holdings is relatively high, and this structural risk is worth being vigilant about.
It is worth noting that the timing of these large capital inflows coincides with multiple countries relaxing their encryption regulations, and the US 401(k) pension plans have also begun to allow for crypto investments. This decisive strategy of positioning itself at the early stage of policy shifts demonstrates the foresight of these investors.
In the long run, Ethereum is building infrastructure for multiple areas such as decentralized finance (DeFi), non-fungible tokens (NFT), enterprise-level blockchain applications, and central bank digital currencies (CBDC). The actions of these large investors may be a bet on the future development prospects of Ethereum.
Despite the high market sentiment, investors still need to be cautious. The high volatility of the Crypto Assets market still exists, and the future development path may be full of challenges. When making investment decisions, risk factors should be comprehensively considered, and market changes should be viewed rationally.