ETH breaks through the $3400 mark

Analysts at Bernstein said MicroStrategy is on course to acquire 4% of the world’s bitcoin by the end of 2033, raising their end-of-2025 price target to $600.The analysts expect MicroStrategy to run through its $42 billion capital raise for bitcoin acquisitions within the next 18 months.

The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

According to BlockBeats news, on November 25th, according to community user monitoring on chain data, since the Binance contract announced the launch of CHEEMS and WHY announcements, CHEEMS's first large purchase address was 0x94d5Dec17964f3544FB09461AF0bC3fb3c2F6, with a cumulative purchase of about $200000, and ultimately left the venue with a "cut in half". WHY's first large purchase address was 0x03b7C1414857Ae0bCa09116d4A01175D4d9B86ad, with a cumulative purchase of approximately $200000. During the purchase process, it encountered a "sandwich attack" by an on chain trading robot, resulting in a loss of approximately $25000.

On November 25th, according to the latest report released by QCP, the cryptocurrency market fell yesterday, with over $100 million worth of BTC and ETH holdings cleared on major exchanges. However, both remain stable above key support levels of $95000 and $3200, respectively. Although there was a pullback over the weekend, the forward volatility remains high. The market expects BTC to maintain range bound volatility before December, while the focus shifts to ETH in the short term. The ETH risk reversal indicator shows a high demand for short-term call options, while the demand for BTC call options is concentrated after December 27, 2024, or may be related to the potential impact of Trump's policies supporting cryptocurrency, which are expected to take effect next year. Recently, the market value of BTC has decreased from 62% to 59%, reflecting a trend where funds may gradually shift from BTC to ETH and other altcoins. In addition, Michael Saylor hinted today that he may increase his holdings of BTC. The market is paying attention to whether MicroStrategy's new round of purchases will push BTC to break through the 100K mark. If it does, BTC may further rise, while altcoins may be affected in the short term.

OKX-ETH/USDT is currently trading at $3500.00, with a 24-hour increase of 2.97%. Please be aware of market fluctuations.