币界网报道：Ethereum (ETH) is on the eve of a potential breakthrough, with open interest reaching a record high of $34.8 billion, showing a surge in active layout and speculative interest among derivatives traders. At the same time, institutional capital inflows have accelerated, with net inflows exceeding $500 million last week, indicating increased confidence among retail and institutional investors. Analyst Ted Pillows pointed out that Ethereum's current trend is highly similar to Bitcoin's bull market cycle from 2017 to 2021, and it may usher in a new round of outbreak after a sharp correction. If ETH successfully breaks through the $4,000 resistance level, it may usher in a bull market phase similar to Bitcoin's 1,190% increase. The overall technical side is stable, and the market remains cautiously optimistic.