In the Crypto Assets market, Ethereum (ETH) has recently stood out, with a price surpassing $3600 and a rise of 2.59%. Several key factors are driving this rise.

First, institutional investors' interest in ETH has significantly increased. The listed company SharpLink purchased 88,000 ETH this week, worth approximately $293 million. At the same time, an unnamed large investor bought 122,000 ETH through the FalconX platform, totaling about $442 million. These large-scale purchases demonstrate strong confidence from institutions in Ethereum.

Secondly, the technological upgrades of the Ethereum network are also driving its value rise. The recent Pectra upgrade has increased the staking limit from 32ETH to 2048ETH, leading to a surge in the total amount staked to 35.4 million coins, accounting for 29.3% of the circulating supply. This not only enhances the security of the network but also reduces the circulating supply in the market, potentially creating upward pressure on the price.

Additionally, other aspects of the Ethereum ecosystem are also showing positive developments. The trading volume of decentralized exchanges (DEX) has reached a new high, accounting for 29% of the total, reflecting the ongoing demand from users for decentralized finance (DeFi) services. At the same time, the tokenization of real-world assets (RWA) on the blockchain has reached $24.4 billion, indicating a trend of traditional assets migrating to the blockchain.

It is worth noting that even prediction market platforms like Polymarket have benefited from this wave of enthusiasm, with monthly revenues reaching 1.1 billion dollars, highlighting the diversity and potential of blockchain applications.

These developments have collectively driven the rise in the value of Ethereum and sparked optimistic expectations in the market regarding its future prospects. However, investors still need to be cautious and closely monitor market trends and potential risks.