According to ChainCatcher, citing Decrypt, Ethereum (ETH) achieved nearly a 40% increase last week, with prices rising from $1,800 to $2,500, primarily benefiting from the successful Pectra network upgrade and improved global trade conditions.
However, market data shows that this round of increase was mainly driven by crypto native investors, with Ethereum spot ETF experiencing a net outflow of $55 million last week, in stark contrast to Bitcoin ETF's $600 million net inflow.
Volatility models indicate a 20% probability of ETH breaking through $4,000 before the end of the year, an increase from the previous week's 9% probability. While the Pectra upgrade completed on May 7th improved network performance, analysts believe that without sustained institutional funding support and a clear regulatory framework, the upward trend may face adjustment pressure.
