#以太坊Layer2总锁仓量上涨 $ETH
Will Ethereum continue to surge? Or will it pull back? Weeks 1 and 2 show an upward trend. Weeks 3 and 4 should see a correction!
Ethereum price skyrockets, breaking $4,300
Recently, the cryptocurrency market has witnessed a carnival, with Ethereum's price trend becoming the market focus. On August 9, Ethereum strongly surpassed $4,200, with a 24-hour increase of over 8%, successfully breaking the total market value of $500 billion. The next day, Ethereum continued its upward momentum, breaking $4,300, reaching a new high since the end of 2021, with an intraday increase of over 2.4%. By the 11th, Ethereum once again rose above $4,300, as U.S. stock market night trading in Ethereum reserve concept stocks collectively surged.
The recent surge in Ethereum's price is backed by multiple factors. From the news perspective, the market has a relatively optimistic outlook on Ethereum's future development, with significant attention on its technical upgrades and ecological expansion. The continuous advancement of Ethereum 2.0 is expected to address issues such as network congestion and high transaction fees, enhancing network performance and user experience. Meanwhile, as a smart contract platform, its widespread application in DeFi, NFTs, and other areas has attracted a large number of developers and users, significantly expanding its ecosystem.
From a financial perspective, the continuous inflow of institutional funds has also provided strong support for Ethereum's price. Recently, the net inflow of funds into the Ethereum ETF listed in the U.S. has been significant, indicating institutional investors' preference for Ethereum. As demand for Ethereum in the market continues to rise while its supply remains relatively stable, changes in the supply-demand relationship have driven up prices. Additionally, changes in the global macroeconomic environment and the overall recovery of the cryptocurrency market have also increased investor risk appetite, prompting them to allocate to Ethereum and other crypto assets.
