ETH3400 has seriously deviated from its value baseline, and even institutions can no longer sit still.

Many people think that ETH is silent, uninteresting, and not rising, but those large institutions making value judgments have started to continuously accumulate.

ETH is consolidating in the 3500-3400 range, which essentially reflects a mismatch between value and price. On-chain activity, L2 ecosystem expansion, staking ratio, and supply contraction—any one of these indicators would be considered a "core asset" in the stock market.

But now the market is ignoring it. You think the market is quiet, but in fact, capital is reallocating the discourse power.

When ETH rises back above 4000 or even 5000, all the reasons for "looking back" will turn into "why didn't I buy at that time."

$ETH