#机构疯抢以太坊 Recently, the cryptocurrency market is experiencing a long-awaited surge. From macroeconomic data to fund movements, multiple signals intertwine, and the heat of the entire sector continues to rise like the scorching summer sun. Ethereum's strong performance is undoubtedly the most dazzling focus of this wave — its price has not only forcefully broken through the key resistance level of $4,370 but has also achieved nearly a 20% increase in just a few days, reaching its highest point in nearly 18 months.

This round of Ethereum's explosion is not a coincidence. From a technical perspective, after the Shanghai upgrade, the improvement of the staking mechanism has significantly enhanced ecological stability, and on-chain activity continues to warm up, with daily trading volume increasing over 60% since the beginning of the year; from a funding perspective, the presence of institutions is particularly noticeable — according to data from crypto data analysis platform Glassnode, the recent inflow of funds into Ethereum trust products from leading institutions like Grayscale has surged by 300% month-on-month, and multiple compliant crypto funds globally are raising their Ethereum holdings to the maximum allocation limit. Clearly, large capital is accelerating its positioning in this second-largest cryptocurrency asset.

Ethereum's 'leading effect' quickly spreads to the entire market, especially to the altcoin sector that has been quiet for a long time. Historical patterns show that whenever mainstream coins complete a strong breakout, funds often overflow from overvalued core assets to potential tracks. This trend is already beginning to show: in the past 72 hours, the average increase of altcoins ranked 50-200 by market capitalization has reached 15%, with some sub-sector coins even doubling in a single day. The number of on-chain transfers and newly added addresses has simultaneously reached a peak for the year, and market risk appetite is clearly warming.

Industry analysts generally believe that the depth of this round of market activity may far exceed expectations. On one hand, the expectation that the Federal Reserve's interest rate hike cycle is nearing its end has led to a more relaxed global liquidity environment. As a high-risk, high-return asset, cryptocurrencies are attracting traditional funds to accelerate entry; on the other hand, the expansion of the Ethereum ecosystem (such as the explosion of Layer 2 networks and innovations in DeFi applications) provides natural value support for related altcoins — those coins that are deeply tied to the Ethereum ecosystem, possess technological barriers, or have practical application scenarios are becoming key targets for institutional 'quiet layout.'