Matrixport: The next target for ETH may be at $4362

ChainCatcher news, Matrixport released a daily icon analysis stating that the price of Ethereum has surged past the $4,000 mark, reaching a new high since the end of 2021. This round of price increase is mainly driven by institutional buying and a wave of short liquidations. On-chain activity has also reached an all-time high, with daily transaction volume exceeding 1.8 million, and over 30% of the supply has been staked.

The U.S. SEC has ruled that liquid staking tokens do not fall under the category of securities, bringing significant regulatory benefits to the industry and boosting market confidence in Ethereum and staking platforms. In response, some listed companies are accelerating their layouts, with their treasury holdings of ETH exceeding $3.5 billion, nearly a tenfold increase compared to last year.

The next market target may be $4,362, while the historical high of $4,892 remains the ultimate milestone.