According to BlockBeats, on August 11, Matrixport released a daily icon analysis stating that the price of Ethereum soared past the $4,000 mark, hitting a new high since the end of 2021. This round of price increase is primarily driven by institutional buying and a wave of short liquidations. On-chain activity has also reached an all-time high, with daily trading volume exceeding 1.8 million transactions, and over 30% of the supply has been staked.
The SEC ruling that liquid staking tokens do not constitute securities brings significant regulatory benefits to the industry and enhances market confidence in Ethereum and staking platforms. As a result, some listed companies are accelerating their layout, and the scale of ETH held in their treasury has surpassed 3.5 billion dollars, nearly a tenfold increase compared to last year.
The next target for the market may be $4,362, with the historical high of $4,892 still being the ultimate milestone.
