Predictions for 2024 are gradually becoming a reality. The market trend of Ethereum (ETH) is showing a self-reinforcing rise, spiraling upward like stepping on one's own feet.

This trend is first reflected in the ETF (Exchange-Traded Fund) market. As more and more investors purchase ETH-related ETFs, this demand further drives up the price of ETH, creating a positive feedback loop.

Another driving force comes from institutional investors. Companies represented by BMNR have adopted strategies similar to Bitcoin investor MicroStrategy, purchasing large amounts of ETH as reserve assets. Whenever BMNR increases its ETH reserves, its stock price rises. The rise in stock price then provides the company with more funds to purchase ETH, creating another positive feedback loop.

The success of this strategy has also prompted other companies to follow suit. An increasing number of businesses are beginning to incorporate ETH into their balance sheets, further increasing market demand for ETH.

This multi-layered demand growth is driving the continuous rise of ETH prices. However, market participants should also be cautious, as this rapid increase may peak at some critical point. In the investment process, rational analysis and risk management remain indispensable.

Nonetheless, the current market performance of ETH undoubtedly confirms early predictions, showcasing the unique dynamics and potential of the cryptocurrency market.