A large influx of funds into Ethereum has surpassed the $4400 mark!
🔥 Market Highlights
• Current ETH price is $4423, up 29% this month, with a market cap exceeding $532.5 billion
• Daily net inflow of spot ETF has reached a record-breaking $1 billion
• Institutional funds inflowed $268 million last week, with a 66.51% increase in Asia's 24-hour funding
• On-chain staking ratio has reached 29.67%, with the number of validators exceeding 1.043 million
⬆️ Driving Forces for Growth
• Regulatory Favor: SEC confirms ETH's commodity status, BlackRock ETF approval is imminent
• Macroeconomic Environment: 82% probability of Fed rate cut in September, stimulating institutional allocation demand
• Technical Breakthrough: Fusaka upgrade will go live in November, reducing block time to 6 seconds and increasing gas limit by 300%
