Latest market data shows that the price of Ethereum (ETH) recently broke through the 4500 USD mark, reaching a new high in nearly three and a half years. This breakthrough surge has attracted widespread attention in the cryptocurrency market, with the price of ETH soaring over 71% in the past month and a half, far exceeding Bitcoin's 10.39% increase during the same period.



Several key drivers are behind this strong rally. First, the large-scale inflow of institutional funds has played an important role. Since the approval of the Ethereum spot ETF in July 2024, cumulative inflows have exceeded $9 billion, and the ETF holdings now account for 5% of the total circulating supply of Ethereum. At the same time, some large companies are also actively increasing their holdings of ETH, such as SharpLink, which holds 830,000 ETH worth $2.9 billion.

Secondly, the technical upgrades of the Ethereum network have added new momentum to it. The Petra upgrade completed in May this year significantly improved staking efficiency, and the decision by the U.S. Securities and Exchange Commission (SEC) to clarify that staking tokens do not fall under the category of securities has also alleviated some regulatory concerns.

In addition, the robust development of the Ethereum ecosystem is also an important factor driving the price increase. Currently, stablecoin trading accounts for 58% of the Ethereum network, while the scale of real-world asset tokenization (RWA) based on Ethereum has exceeded $60 billion, highlighting Ethereum's core position in connecting traditional finance with the encryption economy.

In the face of this round of rising prices, the market generally holds an optimistic attitude. Standard Chartered Bank's latest research report has raised the year-end target price for ETH to $7,500, and predicts that ETH may break through the historic high of $4,866 in the third quarter. However, investors still need to be wary of the potential risks of price fluctuations in the short term.

As the Ethereum ecosystem continues to mature and institutional investors keep joining, the market remains optimistic about the long-term development prospects of ETH. However, while celebrating new highs, participants should also remain rational and closely monitor market trends and potential risks.
ETH-3.93%
BTC-0.95%
RWA-1.38%
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NftDeepBreathervip
· 08-13 17:49
Finally yyds
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MercilessHalalvip
· 08-13 17:45
go long inclined Crypto Assets fanatic investors, emotionally biased and illogical
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Blockwatcher9000vip
· 08-13 17:41
all in eth now, done.
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BlockchainBouncervip
· 08-13 17:37
amazing ah To da moon!
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WealthCoffeevip
· 08-13 17:26
Bull is bull, but one must still do a good stop loss.
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TestnetScholarvip
· 08-13 17:22
It's time to enter a position, fatty.
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