Recently, the price of Ethereum has once again reached the 4,500 USD mark, demonstrating a positive trend in the cryptocurrency market. As of the latest report, the trading price of Ethereum has reached 4,518 USD, with a 24-hour increase of 2.5%. Nevertheless, the current price is still 8.6% lower than the historical high of 4,946 USD set on August 24.

Market data shows that Ethereum has seen significant accumulation in the range of $4300 to $4400, with approximately 1.7 million ETH purchased and transferred out of exchanges, with Binance being the main platform for outflows. This phenomenon reflects the growing confidence of investors in the medium to long-term prospects of Ethereum.

At the same time, the participation of institutional investors is also continuously increasing. The number of outstanding contracts for Ethereum futures on the Chicago Mercantile Exchange (CME) has reached a new high, highlighting the strong interest of professional investors in this digital asset.

Looking at Ethereum's recent performance, although it has overall decreased by 2.8% in the past month, it achieved a rise of 4.4% last week, indicating that market sentiment is improving. In the past 24 hours, the spot trading volume of Ethereum reached $36.38 billion, slightly down; while the derivatives market showed active performance, with trading volume increasing by 5.7% to $973.2 billion, and open interest rising by 2.64% to $61.72 billion.

Analysts point out that the significant buying activity in the range of 4300 to 4400 dollars may constitute a strong support level, which provides a positive signal for Ethereum's future price trends. However, investors should remain cautious and closely monitor market movements and potential risks.

As the application scenarios such as decentralized finance (DeFi) and non-fungible tokens (NFT) continue to expand, the value proposition of the Ethereum network is gaining broader recognition. These factors combined may continue to drive Ethereum's core position in the cryptocurrency ecosystem and influence its future price trends.