Latest data shows that the treasury and ETF holdings in the Ethereum ecosystem are steadily rising, demonstrating investors' sustained confidence in this leading crypto asset.

According to statistics, the total open interest of 70 Ethereum-related treasury entities has exceeded 6.06 million ETH, accounting for approximately 5.01% of the circulating supply, with a value close to $25 billion. Meanwhile, the reserve amount of Ethereum ETF has reached 6.78 million coins, making up 5.6% of the circulating supply, with a total value exceeding $27.8 billion. The rise in these two data points highlights the strong interest from institutional investors in Ethereum.

Recent market dynamics show that the inflow of funds into Ethereum ETFs remains strong. Among them, a major ETF provider had a net inflow of over 72 million dollars in a single day, equivalent to about 17,400 ETH. Even more notably, on a recent trading day, the total net inflow for 9 U.S. Ethereum ETFs reached 134 million dollars, with no instances of outflow, reflecting investor optimism towards Ethereum.

Meanwhile, other market participants are also actively increasing their Holdings of Ethereum. There are reports that a blockchain company plans to deploy $200 million worth of ETH on the Linea network. Another mining company increased its Holdings by 77,000 ETH last week, bringing its total open interest to 3.31 million coins, worth about $13.8 billion.

From a technical analysis perspective, the current trading range of Ethereum is worth paying attention to. The support level is between $3950 and $4000, while the target price above is in the range of $4300 to $4500. However, investors should also be cautious; if the price falls below $3950, it may further drop to levels of $3800 or even $3700.

Considering the market's volatility, it is recommended that investors adopt a cautious strategy when trading Ethereum, such as using moderate leverage of 3 to 5 times and setting dynamic stop-loss orders to manage risk. With the increase in institutional open interest and changes in market sentiment, the price trend of Ethereum will continue to be closely monitored.