TechFlow, August 11 — Matrixport released today's analysis showing Ethereum's price breaking through the $4,000 mark, reaching its highest level since the end of 2021. Rising institutional buying and favorable regulatory developments are the main driving factors. On-chain data indicates daily transactions exceeding 1.8 million, with over 30% of supply staked. The U.S. Securities and Exchange Commission (SEC) recently ruled that liquid staking tokens do not fall under the securities category, prompting some listed companies to accelerate their positioning. The total value of Ethereum held by institutions has reached $3.5 billion, nearly tenfold year-on-year growth. Market attention now turns to the next resistance level at $4,362, while the all-time high of $4,892 remains the ultimate target.
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