CoinVoice recently learned that 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 gains was primarily driven by institutional buying and a wave of short liquidations. On-chain activity also hit an all-time 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 are not classified as securities, bringing significant regulatory benefits to the industry and boosting market confidence in Ethereum and staking platforms. As a result, some publicly listed companies are accelerating their layouts, with their treasury holdings of ETH surpassing $3.5 billion, nearly ten times higher than last year.
The next target for the market may be $4,362, with the historical high of $4,892 still being the ultimate milestone. [Original link]
