I looked at the data, and the fundamentals of $ETH haven't changed much. However, from the perspective of ETH holdings, high-net-worth investors holding more than 1,000 ETH have started buying in large quantities since early November 2024. For a long time, they were stuck in their positions, but there are no signs of outflows; instead, they keep buying more as the price drops.

On the other hand, small-scale investors holding less than 1,000 ETH have been mostly selling this year. When the price fell below $3,300 in early February, we could see some small-scale investors attempting to bottom-fish, but now they have mostly exited the market.

Overall, ETH remains highly correlated with the Russell 2000, and in terms of direction, it has a strong correlation with BTC and the S&P 500.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。