The main reasons for the price increase of #以太坊 are as follows:

1. Market Demand and Investment Factors:

- Spot #etf capital inflow: Recently, Ethereum spot ETFs have performed impressively. For example, on December 23, 2024, Eastern Time, the total net inflow of Ethereum spot ETFs reached $131 million, with BlackRock's ETHA achieving a single-day net inflow of $89.5129 million. Institutions and investors are increasing their positions in Ethereum through ETFs, driving the price up.

- Macroeconomic Environment: Global low interest rate policies have led to more capital flowing into the cryptocurrency market, especially as investors seeking higher returns have increased their demand for digital assets, including Ethereum.

- Increased Investor Confidence: As a decentralized platform, Ethereum not only has cryptocurrency attributes but also supports smart contracts and decentralized applications (DApps), and its broad application prospects continue to enhance investor confidence.

2. Technological Development Factors:

- Smart Contracts and #dApps Innovation: The smart contracts and decentralized applications on the Ethereum platform are continuously innovating, covering multiple fields such as finance, gaming, and supply chain management, attracting a large number of developers and users, further enhancing demand and value support for Ethereum.

- Expectations for Ethereum 2.0 Upgrade: The upgrade to Ethereum 2.0 introduces a proof-of-stake mechanism, which is expected to improve network scalability and security while reducing transaction costs, attracting more users and developers to join the ecosystem.

3. Policy and Regulatory Factors:

- Policy Expectations: The market generally expects that if Trump wins, the regulatory environment for cryptocurrencies is likely to improve, which will positively impact the introduction of Ethereum spot ETFs and the launch of staking functions, thus increasing investor attractiveness and further driving up Ethereum prices.

4. Capital and Trading Factors:

- Large Capital Movements: Significant purchases and withdrawals by large holders such as #孙宇晨 may have a substantial impact on the market, driving market sentiment and capital inflows into Ethereum.