Recently, the price of Ethereum (ETH) has surged significantly, breaking through $3,300 and reaching a new high. This upward trend is mainly driven by the following factors:
Institutional capital inflow: Recently, the inflow of funds into Ethereum investment products has significantly increased, indicating that institutional investors' interest in Ethereum continues to rise.
Increased on-chain activity: The number of daily active addresses on the Ethereum network has significantly increased, indicating that user interaction and transaction volume on the Ethereum blockchain have risen.
Active futures market: The open interest in Ethereum in the derivatives market has reached a historic high, indicating increased market participation and liquidity.
Continuing to be optimistic about Ethereum breaking through $4,000. ETH still has a lot of potential.
