Recently, the Ethereum (ETH) market has seen remarkable changes, with prices breaking through the $3700 mark, sparking widespread discussion in the market.

After several weeks of sideways consolidation, the price of ETH has finally shown a strong upward momentum. Many analysts believe that $3700 is not the peak price, but rather a potential starting point for a new round of increases. This view is supported by on-chain data, as activity indicators show significant growth, and large holders (commonly known as "whales") are also increasing their ETH positions.

Market sentiment seems to be turning positive, with several factors potentially driving this wave of upward movement. These include positive news related to ETFs, the gradually emerging deflationary model effect of Ethereum's network, and the renewed focus on optimistic narratives surrounding Ethereum's technology and ecosystem.

However, investors still need to remain cautious. While some optimists predict that ETH may reach $7000 by the end of the year, the high volatility of the cryptocurrency market means that any predictions come with uncertainty.

Regardless, the current market trends indeed provide investors with an opportunity for deep reflection. For those who believe in the long-term development prospects of Ethereum, this may be a moment worth paying attention to. However, at the same time, every investment decision should be based on individual risk tolerance and thorough market analysis.

In this rapidly changing cryptocurrency world, staying vigilant and continuously learning is particularly important. Whether you choose to participate or observe, understanding the driving forces behind the market is key to making informed decisions.