Ethereum's 10th Anniversary: Seven Key Signals of the New Rise

Ethereum's recent price has seen a strong rise, just a step away from its historical high. This article analyzes the current development trend of Ethereum from seven dimensions and discusses how this upward movement may just be beginning.

1. Institutional Accumulation Boom

Recently, the ETH market has seen strong buying, with multiple listed companies and asset management institutions actively increasing their holdings, integrating ETH into their financial strategic core. ETH reserve concept stocks have become a new favorite in the U.S. stock market.

Wall Street renowned strategist Thomas Lee has made a high-profile bet on ETH, driving the original Bitcoin mining company Bitmine to transform into an Ethereum asset firm, accumulating over 600,000 ETH positions. As a result, several U.S. listed companies have subsequently purchased ETH as part of their asset allocation.

This indicates that institutional investors are viewing Ethereum as a strategic reserve asset similar to Bitcoin, and the market recognition of Ethereum has significantly increased.

2. ETF Fund Inflows

The Ethereum spot ETF continues to attract capital inflows. On July 16, the net inflow of 9 Ethereum spot ETFs in the United States reached a record high of $726 million in a single day. In contrast, during the same period, Bitcoin ETFs saw a slight net outflow, reflecting a shift of some funds from BTC to ETH.

Currently, the market value share of Ethereum ETFs is only 4.71%, far lower than the 6.49% of Bitcoin ETFs, indicating significant growth potential. In addition, the Ethereum staking yield ETF is also on the way, promising to further attract institutional funds.

The ETF effect has enhanced the liquidity and demand ceiling of Ether, which is an important external factor supporting a long-term bullish outlook.

3. Changes in the Management of the Ethereum Foundation

The Ethereum Foundation has undergone management changes in the past year. The newly appointed co-executive directors will decentralize decision-making, introduce more professional management, which will help improve operational efficiency and external communication.

In addition, the participation of Ethereum core team members in the Etherealize project, which aims to bring ETH to Wall Street, marks the first proactive integration of the Ethereum team into the traditional financial ecosystem. These changes help facilitate the institutional transformation of ETH valuation logic, strengthening long-term price support.

4. Technical Strong Breakthrough

The ETH price has recently surged significantly, with an increase far exceeding the market average. The ETH/BTC ratio has broken through a key range, rising 40% in a single month, indicating that capital preference is shifting from Bitcoin to Ethereum.

The weekly RSI for ETH has reached the 30-40 range, which historically has often been accompanied by significant pumps. Analysts believe that if the RSI continues to rise, the ETH price may reach the range of $7000-10000.

From a technical perspective, the current pump of Ethereum may not be over yet.

5. On-chain indicators are improving

Ethereum chain activity has significantly increased:

• Daily trading volume hits a new high in nearly half a year
• Transaction fee income returns to the second place on the public chain
• The total locked value in DeFi ( TVL ) has surpassed 85.9 billion USD, reaching a new 3-year high.
• The amount of staked ETH is close to 30% of the total supply.
• The average annual net inflation rate is only 0.117%, far lower than Bitcoin

Multiple indicators on the chain jointly support the positive fundamentals of Ethereum, providing support for the continued strength of ETH prices.

6. RWA and Stablecoin Narrative

Ethereum dominates the RWA and stablecoin markets:

• The market value of on-chain RWA assets reaches $7 billion, accounting for over 55%.
• Over $137.7 billion stablecoins are circulating on the Ethereum network, accounting for over 54%.

The rise of stablecoins and RWAs is redefining the investment value of ETH, making Ethereum likely to become a global digital dollar settlement network. This is also one of the important reasons why institutional investors have been allocating ETH recently.

7. Technical Roadmap Advancement

Ethereum continues to iterate and upgrade, with the recently completed Pectra upgrade introducing several important improvements. In the future, it will promote Proto-Danksharding, deepen account abstraction, expand data capacity, and continuously enhance network performance.

The continuous advancement of technological upgrades lays the foundation for the long-term value of Ether.

Conclusion

The resonance of internal and external factors has led to an increasing number of institutions holding an optimistic attitude towards the prospects of Ethereum. Although it still faces challenges, Ethereum is transitioning towards a "new financial infrastructure," and its future development is worth looking forward to.