#机构疯抢以太坊

The price stands above $4,600, which is not only a breakthrough in numbers but also a signal of capital flow.

1️⃣ ETF Trading Volume Surge

• Multiple Ethereum-related ETFs have seen a surge in trading volume, with net inflows on some trading days even approaching the scale of BTC ETFs.

• Some traditional asset management firms are including ETH in their portfolios as a “digital technology growth asset.”

2️⃣ On-chain Staking Boom

• Total Ethereum staking has exceeded 33 million coins, with the locked ratio reaching a new high.

• Institutions are obtaining stable returns through staking while participating in network security maintenance.

3️⃣ Layer 2 Network Driven Demand

• Increased activity in L2s like Arbitrum, Base, and Optimism indirectly drives the demand for ETH as gas and settlement assets.

• High-performance, low-cost L2s make it more feasible for institutions to deploy in DeFi, RWA, and other scenarios.

4️⃣ Long-term Logic

• Upgrades like EIP-4844 reduce L2 costs and further expand the scale of applications.

• ETH supply continues to shrink due to the burn mechanism (EIP-1559), keeping circulation pressure relatively controllable.

5️⃣ Technical Signals

• Resistance is not far above $4,600; if it stabilizes, it may test the range of $4,800 to $5,000.

• For retracement support, focus on $4,400 and $4,250.

Institutional actions often explain trends better than prices.

They are not chasing short-term gains but are buying an asset positioned at the center of an ecosystem—ETH is both the fuel of on-chain economy and the underlying collateral for the entire DeFi, NFT, and RWA narrative.