According to online reports, Matrixport released today's analysis, and the price of Ethereum exceeded the US$4000 mark, hitting a new high since the end of 2021. Increased institutional buying and good supervision have become the main driving factors. Chain data shows that the daily transaction volume exceeds 1.8 million, and more than 30% of the supply has been pledged. The U.S. Securities and Exchange Commission (SEC) recently ruled that liquidity pledged tokens are not classified as securities, driving some listed companies to accelerate their deployment. The total value of Ethereum held by institutions has reached US$3.5 billion, a year-on-year increase of nearly tenfold. The market is focusing on the next resistance level of $4,362, with the all-time high of $4,892 remaining the final target.