Ethereum: Strong Pattern and Outlook Analysis Under Frenzied Institutional Fund Acquisition

While Bitcoin is still constrained by the 120,000 resistance level, Ethereum is exhibiting a completely different strength—showing no significant corrections and instead oscillating in the high range of 4200-4350. From a conventional perspective, whether considering the recent large price increase or the correction impact after Bitcoin's rise, Ethereum should have undergone a wave of adjustment. However, the current market strength is likely due to the continued accumulation of institutional funds. In other words, during the days when Ethereum broke through 4100, despite a significant amount of selling pressure in the market, it was directly absorbed by even stronger buying power—this scenario has played out multiple times in last year's Bitcoin market.

According to Surf data, in the past week, several US stock companies collectively purchased over 2 million Ether, increasing their total holdings from about 1 million last week to 3 million, corresponding to a total market value of 13 billion. Notably, the top three rankings in holdings have changed again: mining company BMNR continues to lead with a stable holding of 1.15 million, while sports company SBET follows closely with about 600,000. Both companies have continued to increase their Ether holdings in the past week, and their stock prices have risen simultaneously.

What stands out even more is the new competitor FG Nexus that joined the fray this week. This company, formerly known as "Fundamental Global," has completed a rebranding and clearly transformed into a pure investment institution focusing on Ethereum investments. Currently, it has only purchased 47,000 Ether, which is not a large number, but this is just the beginning of its positioning. According to public information, the company has applied for a $5 billion stock issuance plan and has pledged that all the funds raised will be used to accumulate Ether. It must be said that the "play style" of these US stock companies is quite straightforward: as long as Ethereum continues to rise, these companies with a "MicroStrategy-like" model will become the biggest beneficiaries. To some extent, the decades of accumulated achievements of the Ethereum community are now welcoming "participants" from the capital level.

From the data, Ethereum's short-term purchasing power has not shown signs of exhaustion. In the absence of obvious negative market factors, there is still room for price increases, and the only current potential risk point may be the fluctuations in the US stock market. To be honest, Ethereum's recent surge has been quite large, and even I can't help but feel uneasy: will these aggressive operations by US companies lead to hidden risks? Will there be a crazy sell-off in the future? But what is clear is that the likelihood of such a situation in the short term (within 1-3 months) is extremely low, and the overall environment is relatively safe.

In addition, the interest rate cut expectations in September constitute a potential positive factor, and prices may be further stimulated to rise. However, it should be noted that even though I still hold a bullish view on Ethereum, I do not recommend entering at the current price levels— the best timing has already been indicated multiple times. #Circle推出稳定币区块链ARC#