Let's boldly guess what this breakthrough might mean for #机构疯抢以太坊 . The $4500 mark is like a hurdle; Ethereum has tried several times to surpass it but failed. Now that it has crossed this threshold, it's akin to breaking a long-standing record in a race, indicating not just strong momentum but also the potential to attract more buyers, pushing the price higher. If it can maintain this level, the next target could be the high point near $5000 from 2021. However, if it can't hold steady and falls back, the $4000 to $4200 range should provide some support. ​

Why has it risen so much? My personal analysis is as follows: from the perspective of supply and demand, the amount of Ethereum on exchanges is decreasing, currently at only 8.9 million coins, the lowest in nearly a decade. This is like a product becoming scarce in the market; if there are many buyers wanting to purchase, the price naturally rises. Many people are holding onto their Ethereum to 'earn interest', with over 32 million coins currently being managed in this way, and possibly even more in the future. ⚠️ Additionally, Ethereum has a mechanism that 'burns' a portion of it, making it increasingly scarce and thus more valuable. ​

Now let's look at its own 'strength'. Ethereum has been continually upgrading, and the recent upgrades have enhanced its transaction processing capability while significantly reducing costs. It's like a previously congested road that has now been widened; with more people using it, the value of the road has increased. More and more applications are running on Ethereum, leading to a growing demand for it.