#BTC资金流动性 Ethereum has recently encountered a significant turning point — the UK government has officially classified it as "property" in a legal sense. This seemingly simple legal qualification, however, implies an upgrade in the status of the entire asset class.

Why is this matter so critical? Let's look at it from three dimensions:

**The compliance road for institutional capital has finally been opened**. For a long time, traditional large capital such as pension funds and hedge funds have had the biggest concern about crypto assets being legal uncertainty. The clear definition from the UK has effectively removed this psychological barrier, and the green light for compliant entry has been lit.

**The global herd effect is almost inevitable**. The voice of the City of London still carries significant weight in international markets. Major economies such as the United States and the European Union are likely to quickly follow suit with similar policy confirmations, creating a wave of regulatory consensus on a global scale.

**The approval of the Ethereum spot ETF has no technical barriers now**. Looking back at the core premise for the approval of the Bitcoin ETF — it was the clarification of its legal status. Now that Ethereum has obtained "property status", it is only a matter of time before the spot ETF is approved and implemented. Once realized, the influx of incremental funds from traditional finance may far exceed expectations.

On-chain movements are also validating this point: large holders are quietly positioning themselves, which is typical "smart money" acting in advance. Some analyses have set mid-term price targets above $8500, and the breakthrough in legal status has made this roadmap actionable from theory.

The transition from the periphery to the core of the financial system has begun. How will it play out next? What do you think is the ceiling for this round of price increase?