As the second brother, ETH is showing a strong upward trend. Although other currencies in the market such as BTC, SOL, etc. are struggling to move forward, Ethereum is leading the way with an increase of more than 4%.
Recently, Ethereum's open positions and financing rates have both increased, the network has shown significant signs of expansion, and the market's desire for ETH is increasing day by day. This series of positive signals has led many investors to bet that Ethereum can continue to advance rapidly, break through $3,000, and lead the next round of cryptocurrency bull market.
Data shows that from September 17 to September 24, Ethereum's increase was as high as 18.7%, far exceeding Bitcoin's 1.8% increase during the same period. At the same time, the overall market value of the cryptocurrency market also rose by 2%, reaching a new high of 2.3 trillion US dollars. More strikingly, the ETH/BTC trading pair performed strongly during this period, with ETH's increase relative to BTC as high as 17.5%, showing investors' strong interest in Ethereum.
From the perspective of capital flows, the inflow of funds into Ethereum ETFs has turned from negative to positive, especially on September 19 and September 20, which recorded considerable inflows. Although the inflow of funds into Ethereum investment products is still less than that of Bitcoin, this trend change undoubtedly provides strong support for the further rise of Ethereum.
In addition, Ethereum's on-chain indicators also send strong bullish signals. The rise in the long/short ratio, the increase in future open interest, and the increase in long positions of top traders all indicate that the market's confidence in Ethereum is growing.
The continued expansion of the Ethereum network and increased transaction activity are also key factors driving its price growth. The surge in DApps transaction volume reflects the rapid growth in market demand for Ethereum. Although the number of independent active wallets has declined slightly recently, the transaction volume and total locked value (TVL) on DApps have both achieved significant growth, demonstrating users' high recognition and active participation in the Ethereum ecosystem.
With the continued optimism of the market and the continuous strengthening of investor confidence, ETH is expected to lead the arrival of the next round of cryptocurrency bull market. However, while pursuing high returns, investors should also maintain a rational attitude and pay close attention to changes in market dynamics and risk factors.
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