PANews, August 11 - According to Matrixport analysis, the price of Ethereum has surpassed the 4000 USD mark, reaching a new high since the end of 2021. This round of price increase is mainly driven by institutional buying and a wave of short liquidations. The on-chain daily trading volume exceeded 1.8 million transactions, and over 30% of the supply has been staked. In addition, the SEC has ruled that liquid staking tokens are not classified as securities, bringing important regulatory benefits to the industry and further boosting market confidence.
Some listed companies are accelerating their layout, and the scale of ETH held in their treasury has surpassed 3.5 billion USD, nearly ten times higher than last year. The market's next target may be 4362 USD, while the historical high of 4892 USD remains the ultimate milestone.
