Recently, the Ethereum (ETH) market has shown exceptionally active performance, attracting widespread attention in the crypto world. Since June of this year, institutional investors have accounted for 3.8% of ETH's circulating supply, a figure that is double that of Bitcoin, highlighting Ethereum's appeal among institutional investors.

At the same time, the introduction of the GENIUS Act in the United States provides new impetus for the adoption of stablecoins. It is worth noting that currently, over half of the stablecoins are issued on the Ethereum network, which further solidifies Ethereum's central position in the crypto assets ecosystem.

The Ethereum development team is actively promoting a technical upgrade, aiming to increase the Layer 1 throughput by 10 times. This technological breakthrough is expected to significantly enhance the performance and scalability of the Ethereum network, opening the door to more application scenarios.

Market analysts are optimistic about the future prospects of Ethereum. Standard Chartered Bank recently raised its year-end price target for Ethereum, expecting it to reach $7,500. More notably, analysts predict that Ethereum could break the historical high of $4,866 in the third quarter.

With technological advancements, increased institutional investment, and the continuous expansion of the ecosystem, Ethereum shows tremendous development potential. Crypto Assets enthusiasts and investors are closely following every step of Ethereum's development, hoping it can create more breakthroughs and value in the future.