The current price movement of Ethereum reminds people of the situation when Bitcoin broke through $70,000 last year. At that time, the launch of the ETF coupled with continuous institutional buying pushed Bitcoin to new heights. Now, Ethereum seems to be repeating this pattern.

The driving force behind this is the continuous inflow of large-scale funds, especially the frenzy of institutional investors accumulating assets, which has created a wave of almost uncorrected upward trend. When the price of Ethereum reaches a certain critical point, the sentiment of retail investors is likely to be ignited. Especially those large holders who exited around $4000, seeing the price continuously rise, may find it hard to suppress the urge to re-enter the market.

Once institutional funds and retail investors' bullish sentiment overlap, Ethereum may enter an accelerated upward phase. At that time, a daily increase of 20%-30% is not impossible.

Currently, market funds are still gathering towards Ethereum. Only when it hits higher positions, such as breaking through historical highs, will funds gradually flow to other potential projects. At that time, other valuable cryptocurrency projects may welcome a catch-up rally.

The evolution of this bull market seems to follow a certain pattern: mainstream coins lead, while altcoins follow. Investors need to stay vigilant, seizing opportunities while also managing risks.