Abstract: Analyzing the key drivers behind the recent significant rise of ETH.
Author: Biteye Core Contributor @viee7227
Ten years of Ethereum, with its ups and downs, as the market heats up again, the price of ETH seems to be just a step away from its historical high.
This article analyzes seven dimensions including institutional accumulation and the ETF craze, changes in foundations, K-line technical indicators, on-chain data, the rise of RWA and stablecoins, and roadmaps. Perhaps this round of ETH rise has just begun.
1. ETH reserve concept stocks
Recently, the ETH market has seen exceptionally strong buying interest, with many listed companies and asset management institutions actively increasing their holdings, even incorporating ETH into their financial strategies. At the same time, ETH reserve concept stocks have surged, becoming a new favorite in the US stock market.
The landmark event that triggered Wall Street's embrace of Ethereum was the high-profile bet on ETH made by well-known strategist and Fundstrat co-founder Thomas Lee.

With the introduction of blockchain-friendly policies in the United States and Hong Kong, the on-chain of real-world assets has become an inevitable trend.
But currently, blockchain still has a few "shortcomings":
1️⃣ Can't understand what the transaction "wants to say"
Currently, the blockchain only records "who transferred how much money to whom," but does not know the purpose of the money, the identity of the parties involved, or the terms of the contract, lacking a layer of "written explanation."
2️⃣ All details are exposed to the sun.
Mainstream blockchains do not have encryption protection, and transaction data is public to everyone. It would be quite awkward to handle sensitive information such as payrolls and medical bills 😂
3️⃣ Missing compliance "voucher package"
Traditional remittances come with materials such as letters of credit and invoices, and the bank can only disburse funds after review. It is currently difficult for blockchain to bring structured proofs on-chain.
To address the above shortcomings, Mind Network has launched an on-chain encrypted messaging protocol (Encrypted Mes

Today, the market has seen a strong Rebound, with AI-related Token market capitalization rising to $12.39B. Virtuals launched the AI Agent forum, Rivalz Network introduced the Agentic DEX, and OpenAI released the new model GPT-5, showing impressive overall performance.

Market Trend
The cryptocurrency market has recently seen significant fluctuations due to various factors. Some investors believe the market is in a correction phase and remain optimistic in the long term; others point out that increasing regulatory scrutiny has led to greater uncertainty. The prices of mainstream cryptocurrencies like Bitcoin are volatile, while the DeFi and NFT sectors continue to innovate, albeit with a decline in enthusiasm. Overall, the market demonstrates characteristics of high risk and high volatility, and investors should exercise caution.
Mainstream coins
$BTC
Recently, support has been formed around 114,000, with large transfers and institutional ETF applications indicating capital inflow. If it breaks through 115,000, the adjustment may end, targeting 125,000. However, caution is needed regarding short-term liquidity fluctuation risks.
$ETH
Recently, there has been a divergence between bulls and bears. Although the whale sell-off and net selling amounting to $418 million have brought short-term pressure, institutional accumulation (such as BlackRock buying $88.8 million) and ETF inflows of $73 million indicate strong demand. The technical outlook remains bullish, with a target of $5000.

The market fluctuates due to macro factors, and competition in the AI industry intensifies. Among the main volume tokens, $VIRTUAL and $TAO show outstanding performance. WachAI launches a verification cluster to enhance security, Sahara AI releases a news bot to assist investors, Google launches Genie 3 with new features, and OpenAI returns to Open Source with a new model. Risk warning: Information is for reference only.

Market Trend
The cryptocurrency market has recently experienced significant volatility, with prices of mainstream coins like Bitcoin fluctuating. Some investors believe the market is in a period of adjustment and remain optimistic in the long term; however, there are also views suggesting that regulatory policies and the economic environment could lead to continued stagnation. Different projects are showing varied performance, and it is essential to carefully assess the risks.
mainstream coins
$BTC
Currently under pressure at the key resistance zone of $114-$116K, with a clear suppression from the 4H moving averages. If it breaks through, we can expect a rise to $150K; otherwise, it may pull back to $107K. Be cautious of ETF fund outflows and price divergence, but long-term holders have not significantly sold off, indicating a strong fundamental. Short-term trading can consider shorting at highs, while medium to long-term traders should wait for a breakout signal.
$ETH
Recently, there has been a tug-of-war between bulls and bears, with whales making significant purchases (143M USD) below key resistance levels, but the outflow of ETF funds brings uncertainty. A breakthrough above the 4100 resistance will open up space for historical highs, while in the short term, attention can be paid to the 3700-4100 range.