Recently, the Ethereum (ETH) market has shown some notable new trends. Many institutional investors are actively positioning themselves in ETH, which is closely related to the upcoming Ethereum staking ETF. Reports suggest that at least seven publicly listed companies are following MicroStrategy's strategy by directly purchasing ETH and keeping the funds in the market. This approach is different from Bitcoin ETFs, which mainly have their funds remain in the US stock market.

This move by institutional investors may have a significant impact on the price of ETH. As a leader among mainstream cryptocurrencies, the rise in ETH's price could sway the sentiment of the entire cryptocurrency market. Notably, BlackRock has also submitted an application for a staking ETF, and the market generally expects the related approval to be completed around October.

Analysts point out that if ETH can break through the $4100 level before the Federal Reserve's possible interest rate cut in late September, its subsequent increase may exceed market expectations. This potential breakthrough would set a new price ceiling for ETH.

Overall, the active entry of institutional investors, along with the upcoming staking ETF, provides strong support for ETH's independent market performance. Investors should closely monitor developments in this area while also being vigilant about the risks posed by market volatility.