Recently, the Ethereum (ETH) market has shown a strong upward trend, with prices breaking through the 4600 USD mark, demonstrating an impressive rise momentum. This wave of increase is not only attributed to favourable information from the technical perspective but, more importantly, to a significant influx of institutional funds, especially with the Spot ETF recording a new high of 1 billion USD in daily capital inflow, injecting strong momentum into the market.

At the same time, another important indicator in the cryptocurrency ecosystem—the total market capitalization of stablecoins—has also surpassed the 270 billion USD mark. In this ecosystem, USDC's dominant position on the Ethereum network has been further consolidated, while USDT has performed excellently on the TRON network, showcasing a competitive landscape between different networks.

In-depth analysis of Ethereum's strong rise shows that compared to Bitcoin (BTC) and Ripple (XRP), ETH's performance is more outstanding. Especially in terms of capital inflow, Ethereum's Spot ETF has set an astonishing record of $1 billion in a single day, highlighting institutional investors' high attention to ETH. According to data from Messari, since the beginning of this year, Ethereum ETF has attracted a cumulative inflow of $8.2 billion, accounting for approximately 1.5% of ETH's total market value. This data fully reflects institutional investors' optimism about the future development of Ethereum.

Behind this wave of rise, it is not just the change in numbers, but also reflects the overall development trend of the cryptocurrency market. As the leader of smart contract platforms, Ethereum's price trend is often seen as a barometer of the health of the entire cryptocurrency ecosystem. This breakthrough of the 4600 dollar mark has brought considerable returns to investors and injected new vitality and confidence into the entire industry.

However, we also need to remain rational and closely monitor market changes. The cryptocurrency market has always been highly volatile, and investors should carefully consider and comprehensively assess risks when making decisions. At the same time, changes in the regulatory environment, the progress of technological development, and macroeconomic factors can all have a significant impact on the market.

Overall, Ethereum's strong rise, coupled with the rapid development of the stablecoin market, showcases the vibrant vitality of the cryptocurrency ecosystem. With the continued participation of institutional investors and the ongoing improvement of market infrastructure, we have reason to remain cautiously optimistic about the future of the cryptocurrency market. At the same time, staying vigilant and investing rationally should still be the guiding principles for participants.