Recently, the performance of Ethereum ( ETH ) in the market has been remarkable. The Ethereum ETF reserves have surpassed the $30 billion mark, showing a strong rise momentum. It is noteworthy that the ETH holdings of 69 treasury companies are close to $20 billion, with the top three holding companies accounting for over $10 billion, which is equivalent to 3.39% of the ETH circulating supply. This phenomenon of large-scale accumulation by institutions inevitably brings to mind the situation during the dollar's decoupling from the gold standard in 1971.

Market sentiment is currently high, with the price of ETH breaking through the $4800 mark. Grayscale has further increased its holdings by 2909 ETH, which has further boosted market enthusiasm. However, amidst the optimism, we also need to remain vigilant. In the past 12 hours, the total liquidation amount across the network reached $526 million, with Ethereum accounting for $315 million, highlighting the market's high volatility and potential risks.

Looking ahead to the coming week, if ETH can remain firmly above $4800, we may witness a scenario similar to XRP's market cap comeback playing out with ETH. This phase is filled with opportunities but also comes with challenges. For investors, closely monitoring market trends, seizing opportunities appropriately, and managing risks effectively is crucial. In this market environment full of possibilities, making rational decisions will be the key to success.