Large institutions are buying again: Previously, institutions had been continuously withdrawing funds, but in the past week, Ethereum's ETF funds suddenly saw a net inflow of 38.8 million USD, especially led by large institutions like Fidelity and Bitwise. When institutions are willing to spend money, it usually indicates their confidence in the market outlook.

Bitcoin leads the way: Bitcoin recently surged to 94,000 USD, and the entire cryptocurrency market followed suit, with Ethereum, as the 'second largest', naturally benefiting from it.