Ethereum Strong Recovery: ETF Boosts Its Market Price Increase by Over 50%, Active Wallet Addresses Exceed 152 Million

Ethereum (ETH) is experiencing a significant recovery, with an increase of over 50% in less than four weeks. As of now, the ETH price has surpassed $3,600 for the first time in more than six months.

The analysis company Santiment pointed out that this strong momentum not only drove up the price but also pushed its wallet count to over 152 million, making it the leader in user base scale among cryptocurrencies. This milestone itself also signifies that the Ethereum network has built the largest and most active ecosystem in the cryptocurrency field.

The driving forces behind this wave of increase are supported by both financial backing and the warming of community sentiment.

Among them, the Ethereum spot ETF attracted a record net investment of over $726 million since July 16, with BlackRock's fund ETHA alone seeing a net inflow of $499 million in a single day, injecting strong confidence into the market. Institutions such as Fidelity's FETH and Grayscale's ETH have also reported significant inflows, with the amount of ETH held by institutional enterprises increasing to 1.6 million, valued at over $5.76 billion.

Market intelligence data shows that the active influx of this capital has also ignited enthusiasm in the community. Discussions related to ETH have surged, making it the hottest cryptocurrency on X, Reddit, and Telegram over the past 24 hours, with the discussion content predominantly reflecting a bullish sentiment, targeting $4000.

Currently, Ethereum's market performance remains strong. According to CoinGecko, the current trading price of ETH is approximately $3594, up 7.9% in the past 24 hours, with a weekly increase of 21.2%, significantly outperforming Bitcoin's increase of 6.5% during the same period.

At the same time, market observers are beginning to reassess the status of the two assets. A report from SwissBlock indicates that the ETH/BTC ratio is steadily rising, showing that the liquidity attractiveness of Ethereum is increasing and is entering the next phase of this cycle.

As analysts have emphasized, the market's fear of missing out (FOMO) is causing the public to generally turn towards Ethereum (ETH). This sentiment is particularly evident in the current market environment, with many expecting its price to soon reach $4,000, and some even suggesting that if BTC's market share continues to decline, ETH could potentially hit a historic high of over $4,800.