According to Mars Finance, on August 11, Matrixport released a daily icon analysis stating that the price of Ethereum surged past the $4,000 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. On-chain activity also hit a historical high, with daily trading volume exceeding 1.8 million transactions, and over 30% of the supply has been staked. The U.S. SEC ruled that liquid staking tokens do not qualify as securities, bringing significant regulatory benefits to the industry and boosting market confidence in Ethereum and staking platforms. In response, some listed companies have accelerated their layouts, with the scale of ETH held in their treasuries surpassing $3.5 billion, nearly ten times the amount from last year. The market's next target may be $4,362, while the historical high of $4,892 remains the ultimate milestone.

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