Ethereum breaks through the $4000 threshold to reach a new high!
• ETH broke through the $4000 threshold, reaching a new high of $4216, up 3.5% in 24 hours, and up 50% for the month
• Market capitalization reached $501.6 billion, with a trading volume of $47.69 billion, and the current price is 85% of the historical peak
• On-chain activity has surged, with a daily transaction count of 1.87 million, close to historical peaks
Driving factors for the breakthrough
• Technological upgrade: After the Pectra upgrade, EVM parallel processing increased TPS to 387
• Institutional entry: IVD Medical included in treasury allocations, Fundamental Global established a $5 billion special fund
• Regulatory clarity: Implementation of the EU MiCA bill, accelerated approval process for US ETFs, long-short ratio rose to 1.87:1
