#ETH突破4600 reaches a new high in nearly four years: Ethereum price breaks through $4,600, hitting its highest point since 2021, only about 5%–5.5% away from the all-time high ($4,878).

Institutional and ETF funds accelerate inflow:

Ethereum spot ETF sees a net inflow of about $100 million in a single day, setting a new record. As of now, the cumulative inflow this year has reached $8.2 billion, accounting for about 1.5% of ETH's market capitalization.

Corporates and treasury continue to absorb: BitMine Immersion holds nearly 1.2 million ETH (approximately $5.3 billion), with significant increases in their holdings, driving the market up.

Technical and market sentiment is positive:

Short-term technical support is solid, and after breaking through $4,680, it may usher in an accelerated upward trend, with the target still possibly reaching $4,800.

In this round of growth, some bulls triggered over $120 million in short liquidations, further amplifying the subsequent upward space.