On August 12, the net inflow of the US spot Ethereum ETF exceeded $1 billion in a single day, setting a record high. This drove the price of Ethereum to briefly surpass $4,300, outperforming Bitcoin (BTC), Ripple (XRP), and Solana (SOL). A significant amount of institutional funds have aggressively entered the Ethereum market, demonstrating strong confidence from mainstream financial institutions in ETH. If ETH breaks through the key resistance level of $4,400, it could trigger over $1.4 billion in short liquidations.

💬 Does the strong performance of the Ethereum ETF indicate that the crypto market is about to welcome a new round of institutional bull market? Will we see new historical highs? #机构疯抢以太坊