#以太坊行情解读 The institutions have been frequently active with $ETH recently, and their holdings have reached a quite high level, with market liquidity almost fully absorbed. Once these large investors decide to make a strong push and pump, even a single piece of on-chain information can directly trigger a market surge, leaving no time to react. The performance of Ethereum is largely in the hands of these institutions — a single operational decision from them can shift the market direction.