ETH breaks through $4300, currently at 4300.96, up 1.33% in 24H.

ETH's recent small rebound is steady, combined with whales aggressively accumulating, a certain address has withdrawn 2318 ETH, worth 9.94 million, with total holdings exceeding 20 million.

Matrixport says whether it can continue to rise depends on treasury demand and the support at 4180.

However, the options premium has decreased, with more bearish selling, entering a phase of reduced volatility.

In the future, ETF holdings will exceed 5%, surpassing BTC's proportion in September.

Recommendation: Hold above 4300 to increase positions, and guard against a pullback to 4200.