According to online reports, 10x Research published an analysis on the X platform that the current price of Ethereum (ETH-USDT) is higher than the 7-day moving average and the 30-day moving average, which means that ETH prices are in a bullish trend. In the past week, ETH prices have risen by about 3.6%. This trend may be driven by the inflow of approximately US$148.5 million into the Ethereum ETF. In particular, BlackRock Ethereum ETF has begun to increase its holdings in ETH. The asset size of the ETF has now reached approximately US$4.6 billion. In addition, BitMine raised US$250 million to support its ETH asset strategy, and SharpLink Gaming increased its holdings of 9,468 ETH units, enhancing institutional demand.