$ETH currently sees 4520

Price Performance: Broke through $4400 on August 12, reaching $4434, a new high since January 2022, with a 24-hour increase of 5.37%; up nearly 80% since June, significantly outperforming mainstream cryptocurrencies.

Reasons for the Rise:

CPI data released, lower than expected, is a major bullish signal.

Institutional funds flowing in, with firms like BlackRock increasing their holdings, and a single-day peak inflow of $727 million into spot ETFs.

Expectations for Federal Reserve interest rate cuts are rising, driving the demand for risk asset allocation.

Positive on-chain data: whales increased their holdings by 870,000 ETH (approximately $3.68 billion) in one month, with over 350,000 active addresses daily and daily transaction volume of 1.74 million.

Technical upgrades are effective, with the EIP-1559 deflationary mechanism and transition to 2.0 enhancing network efficiency, stabilizing Gas fees. #机构疯抢以太坊 #CPI数据来袭