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The Ethereum (ETH) market has once again welcomed a significant breakthrough, with prices surpassing the $4400 mark in one fell swoop. This rise is largely attributed to the impact of the latest CPI data, which triggered short-term fluctuations in the market and ultimately drove prices up.
At the same time, institutional investors' interest in Ethereum continues to heat up, continuously increasing their holdings of ETH. It is worth noting that investors in the U.S. stock market have also begun to venture into the Ethereum market, further driving demand growth.
Under the current trend, some analyses suggest that Ethereum is expected to reach a price level of $6000. However, it is worth noting that this surge seems to be driven by Korean investors. Considering the influence and historical performance of Korean investors in the cryptocurrency market, market participants should remain vigilant to guard against potential price volatility.
Despite a promising outlook, investors should still exercise caution. The market may experience a rapid pullback after reaching a certain high point. Therefore, it is particularly important to remain rational when taking profits and to take profits at the right time.
Overall, this rise of Ethereum reflects the cryptocurrency market's sensitivity to macroeconomic data and the growing participation of institutional investors. However, high market volatility still exists, and investors must remain vigilant to potential risks while enjoying the benefits of a bull market.