The US Ethereum spot ETF saw a net inflow of $38.8 million yesterday, marking seven consecutive trading days of positive growth, with BlackRock's ETHA contributing $32.5 million.

This continuous inflow of institutional funds coincides with ETH breaking through the technical resistance of $2,600, highlighting the solid foundation of Ethereum's current rally.

The demand for enterprise-level capital allocation is rapidly increasing, for example, SharpLink Gaming raised $425 million to purchase ETH as treasury reserves, further supporting the comprehensive recovery of the ETH ecosystem.

The upward trend driven by both fundamentals and technicals may last longer than expected. One, two, three, all are hoarding.