Institutional Fund Large-Scale Influx

In recent years, more and more institutional investors have begun to pay attention to Ethereum, especially driven by decentralized finance (DeFi) and the NFT market. As the world's second-largest cryptocurrency, the application scenarios behind Ethereum continue to expand. The entry of institutions not only benefits the price of ETH but also promotes the rapid development of the Ethereum ecosystem, driving the continuous increase in ETH's value in the market. Recently, many large investment institutions, hedge funds, and even financial products such as those from the United States have begun to increase their positions in Ethereum, driving up the price of ETH. Industrial and Commercial Times

Revival of DeFi and NFT Markets

The revival of the DeFi (decentralized finance) and NFT (non-fungible token) markets is undoubtedly an important factor in driving up ETH prices. As the main chain for DeFi protocols and the NFT market, Ethereum naturally undertakes a large volume of transactions and capital flow. With the warming of these markets, the demand for ETH has also increased significantly, providing strong support for the rise in ETH prices. Especially with the crazy development of NFTs, the trading volume on the Ethereum chain has surged, further driving the demand for ETH. Industrial and Commercial Times

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