Ethereum spot strong drive to break through $4,000 imminent; institutions' large-scale staking releases long-term bullish signals

Source: TokenPost Original Title: Ethereum($ETH), Breaking Through $4,000 Amid Strong Spot Market… Institutions Also Engaging in Large-Scale Staking Original Link:

Ethereum Nears Breakthrough of $4,000 Amid Strong Spot Market… Institutions Also Participating in Large-Scale Staking

Ethereum(ETH) has not yet broken through the key resistance level during the recent rebound, but based on futures and spot market data, analysis of the next move targeting $4,000(approximately 5.86 million KRW) indicates an imminent breakthrough.

In the mixed futures and spot market environment, the breakthrough of “$4,000” is noteworthy

As of the 2nd, Ethereum’s estimated leverage ratio reached a historic high of 0.79, but by the 11th, it had decreased to 0.67. Meanwhile, total open positions continued to increase, with market participants reducing risk exposure while expanding their positions. This is interpreted as a reduced risk of sharp declines caused by leverage liquidations, supporting a healthy upward trend led by buying pressure.

The core driver of the price rebound is the “spot market.” Recently, the cumulative trading volume difference(CVD) indicator shows that spot buying is dominant. Price increases driven by spot buying are generally more sustainable. Additionally, Ethereum’s long-short ratio has reached 2.66, indicating clear bullish sentiment. This reflects a situation where buying demand is maintained without excessive overheating.

Three weeks of Ethereum staking worth 50 billion KRW… Signal of “long-term trust” from institutions

On-chain data also supports a strong market trend. According to data from on-chain analysis platforms, mining company Bitmain staked 110,000 ETH(approximately 49.9 billion KRW) on the 12th of this month alone. Based on the cumulative amount over the past three weeks, the total is about 3.7 trillion KRW, which corresponds to an annual yield of approximately 950 billion KRW in Ethereum. This is interpreted as a sign of medium-term trust among institutional investors.

Macro market trends also favor further rebounds for Ethereum. The CEO of a cryptocurrency research firm emphasized that the Russell 2000 index hit a record high of 2,664. Historically, this small- and mid-cap index has led Ethereum’s “price discovery” phase. An increase in the index suggests rising market expectations for risk assets and could positively influence Ethereum.

Traders comment that “turning weekly resistance into support is very important, and the ‘high-low points’ formed after last year’s significant correction suggest a challenge to $4,000 again.” They add that if this range is broken, “Ethereum may finally enter a highly anticipated moment.”

Spot-led strong market, focus on “diffusion” rather than correction possibility

Ethereum is currently trading around $3,094(approximately 4.53 million KRW), about 27% below its October last year high. However, factors such as spot buying, healthy leverage structure, increasing long-term staking volume, and positive macro indicators suggest that despite short-term “technical resistance,” there is still room for upward movement.

In the short term, Ethereum’s price trajectory depends on whether it breaks through $4,000. The market seems more inclined toward rapid gains rather than a slow correction expected in a “healthy upward trend.” This may also signal a shift in focus from Bitcoin(BTC) dominance to major altcoins.