Review of yesterday's market focus events:

The introduction of Trump's tariff policy has significantly impacted the global economy. Meanwhile, the price of Ethereum is approaching the $4000 mark, with a total of $209 million in short positions being closed. The previously predicted $4000 target is now within reach, but this wave of market activity is far from over. Below is a multi-dimensional analysis of the possibility of Ethereum breaking through $4000:

1. Major funds continue to position themselves, with large amounts of capital accelerating their entry

On-chain data shows that in the past week, over 100,000 ETH have been accumulated by relevant addresses, worth approximately $390 million. The over-the-counter trading volume from institutions has significantly increased, and the Coinbase platform has also seen a series of large buy orders. This indicates that the current market is not solely driven by retail investors but rather that large funds are laying the groundwork for future trends, with clear capital positioning characteristics.

2. Under the impact of tariffs, crypto assets become one of the safe-haven choices

The semiconductor industry faces a 100% tariff, and Apple's $100 billion repatriation plan has put pressure on the traditional market. Against this backdrop, some risk-averse funds are turning to Bitcoin, Ethereum, and other crypto assets, with the market cap of USDT climbing to a new high of $110 billion. In an environment of increased market volatility, the safe-haven properties of crypto assets are attracting attention from some funds, resulting in a capital diversion effect.

3. Market sentiment game: Breaking expectations may be key

Ethereum has been fluctuating around the $3900 mark, with some retail investors believing it has reached a temporary peak and choosing to exit. However, from a market game perspective, major funds may adopt unconventional strategies to break existing expectations by pushing through the $4000 mark. The current market may be in a phase of accumulation following a washout, and a breakthrough in sentiment could become a catalyst for price increases.

4. Ecological development provides intrinsic support

Ethereum Layer 2 transaction volume has surged by 500% year-on-year, with Gas fees significantly reduced and ecological scalability continuously improving. At the same time, new protocols like EigenLayer have locked up over 3 million ETH, valued at around $12 billion, indicating a strengthening of the capital accumulation effect within the ecosystem. As a mainstream crypto asset with both value storage and ecological application attributes, its intrinsic value support provides a fundamental basis for price stability.

In summary, multiple factors including capital flows, market environment, sentiment games, and ecological development are jointly contributing to the increasing possibility of Ethereum breaking through $4000, and the short-term market still shows continuity.