Ethereum is now stuck around $3500, and many people are starting to panic, feeling that it can't pump anymore!

But historical data tells us that before every major bull market, ETH will "play dead" for 1-3 months, wearing down the patience of retail investors before suddenly exploding.
Institutions are crazily bottom-fishing around 3500.
Last week, Ethereum ETFs saw a net inflow of $280 million, with major institutions like BlackRock continuing to increase their positions.
On-chain data shows that whales are continuously accumulating in the $3600-$3700 range, even leading to a classic scenario of "retail investors cutting losses, institutions taking over."
Wang Feng, the founder of Blueport Interactive, analyzed that the "institutional cost floor" for ETH is around 3650±150 USD. Falling below this range may actually trigger institutional short covering.
L2 ecosystem is booming, Gas fees have dropped to under 1 dollar.
The Layer 2 solutions of Ethereum have significantly reduced transaction costs, attracting more users and developers into the ecosystem. This means that the actual demand for ETH is growing, rather than just speculative hype.
There are two types of people in the market now:
Those who complain and cut losses will chase high again after ETH breaks 4000 USD, only to be trapped at the peak.
Silently increasing positions, utilizing the consolidation period to buy on dips, waiting to steadily reap the rewards when the market starts moving.
Warning of extreme statements:
If ETH holds steady at 3800 USD, the next target is 4100-5000 USD.
By the end of the year, buying 1 ETH may be equivalent to the future value of 2 ETH.
Key issues:
Is 3500 a golden pit or a pit for the masses?
From the perspective of institutional holding costs, 3500-3600 is a strong support level, and the probability of breaking below is low.
But if the Federal Reserve continues its hawkish stance, it may dip to $3300 in the short term.
What percentage is your current position? Are you daring enough to add more?
If the position is below 50%, consider buying in batches to avoid a one-time all-in.
If you are already heavily invested, be patient and hold on, don't let short-term fluctuations shake you off.
What is the highest prediction for ETH by the end of the year?
Conservative estimate: 4500-5000 USD.
Optimistic estimate: If institutional funds continue to flow in, it may impact 7000-10000 USD.
Conclusion:
The market always bottoms out in despair, rises in hesitation, and crashes in madness. The current trend of ETH resembles the "quiet period" before a bull market. Will you choose to cut your losses or to position yourself?