Ethereum (ETH) has recently performed impressively, with its market price breaking the $4,000 mark for the first time in eight months, reaching a peak of $4,055 during the trading session. This significant breakthrough brings ETH within approximately $900 of the historic high of $4,867 set in November 2021, attracting widespread attention in the market.

Recently, the price of ETH has shown strong momentum, with an increase of over 44.5% in the past month, a rise of 7.9% in the last week, and an increase of 2.6% within 24 hours. It is worth noting that since April 21, the ratio of ETH to Bitcoin has risen by about 90%, demonstrating relative strength.

Analysis shows that the main factors driving the recent rise in ETH include increased holdings by institutional investors and strong inflows into spot Ethereum ETFs. More and more large enterprises are actively positioning in ETH, with BitMine holding the largest amount at approximately 833,000 ETH (valued at $3.3 billion), followed closely by SharpLink, which holds nearly 522,000 ETH (valued at $2.1 billion). Industry experts predict that the ETH holdings of these companies could ultimately reach 10% of the total ETH supply.

At the same time, the net inflow of the US spot Ethereum ETF has significantly increased, even recently surpassing that of the Bitcoin ETF. Just last month, these ETF products attracted nearly $5 billion in capital inflow. Since their launch in July 2024, the cumulative net inflow has reached $9.4 billion, reflecting strong investor confidence in Ethereum.

A series of positive factors have jointly driven the rise in ETH prices, injecting new vitality into the entire cryptocurrency market. However, investors still need to exercise caution and closely monitor market trends and potential risks. With the increasing participation of institutions and the continuous development of ETF products, the future development of the Ethereum ecosystem is worth looking forward to.