The price of #以太坊 has broken through 4000 USD, reaching the highest point since the end of 2021. The main reasons are increased institutional buying and favorable news regarding regulations.

On-chain data shows that there are more than 1.8 million transactions daily, with over 30% of Ethereum locked in staking.

The recent ruling by the US #SEC determined that liquid staking tokens are not considered securities, which has prompted many listed companies to accelerate their布局.

The total value of Ethereum held by institutions has reached 3.5 billion USD, nearly a tenfold increase compared to last year. The next resistance level that the market is currently focused on is 4362 USD, while the historical highest point of 4892 USD remains the ultimate target.