Analysis of the Logic Behind Ethereum's Leading Surge

Today, the market shows a differentiated trend, which is different from the market's previous expectations. Against the backdrop of news that pension funds can invest in cryptocurrencies, it is not the "leading" Bitcoin that is leading the rally, but Ethereum, which is performing strongly, with prices having surpassed $4200, showing a significant increase.

Looking back at the first half of the year, Ethereum showed weak performance, facing continuous selling from ancient whales and the Ethereum Foundation, leading to a temporary decline in market confidence. The turning point began in late June when several listed companies included Ethereum in their strategic reserves, initiating a sustained accumulation mode. This action effectively absorbed the large selling pressure, becoming a key support that prevented a price collapse.

In comparison, the Bitcoin market has a high concentration of leveraged trading, with retail investors and whales holding a high leverage ratio. If a forced increase occurs, it may exacerbate leverage risks; on the other hand, the leverage level of Ethereum is relatively low, making it easier to attract incremental funds to enter the market and activate market vitality.

On a deeper logical level, listed companies continuously absorbing ancient whale chips is essentially replicating the successful path of Bitcoin, combined with favorable factors such as low leverage and stable capital absorption, which makes this round of Ethereum's rise reasonable. This also confirms the previous viewpoint: Ethereum may show short-term range fluctuations, but the central axis of the range will gradually rise. In the long term, the continuous layout of listed companies is expected to break its price ceiling.