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Ethereum breaks through $4000, institutional layout accelerates the bull run.
【Coin World】Matrixport released today's analysis, stating that the price of Ethereum has broken the $4000 mark, reaching a new high since the end of 2021. The increase in institutional buying and favourable information from regulators have become the main driving factors. On-chain data shows that the daily volume exceeds 1.8 million transactions, with over 30% of the supply already staked. The U.S. Securities and Exchange Commission (SEC) recently ruled that liquid staking tokens do not fall under the category of securities, prompting some listed companies to accelerate their layouts. The total value of Ethereum held by institutions has reached $3.5 billion, nearly a tenfold year-on-year increase. The market is watching the next resistance level at $4,362, while the historical high of $4,892 remains the ultimate target.