The recent surge of ETH is not without reason:
1️⃣ Institutional gates wide open——Spot ETH ETFs have accumulated 5.43 million ETH, and once staking yields are available, the attraction will skyrocket. Publicly listed companies are also 'stockpiling Ether', with Standard Chartered predicting they could eventually control 10% of the total supply.
2️⃣ Favorable policies exploding——The U.S. has introduced its first cryptocurrency bill, advancing anti-CBDC legislation, and even opened the door for retirement funds to invest in crypto assets.
3️⃣ Technical pattern breakthrough——The 4,000 mark has successfully been challenged for the fourth time, with weekly closes above this level paving the way for 4,800 or even 8,000.