The latest data shows significant changes among large holders of Ethereum recently. Among them, SharpLink Gaming ranks first with a holding of 360,000 ETH, an increase of 104%, demonstrating strong confidence in the future development of Ethereum. Meanwhile, other institutions like Bitmine have also significantly increased their holdings, reflecting a positive attitude from institutional investors towards Ethereum.

It is worth noting that the Ethereum Foundation's holdings have decreased by 8%, which may be due to fund allocation or other strategic considerations. SharpLink Gaming's substantial holdings of approximately $1.3 billion seem to be betting on the potential explosive growth of asset tokenization (RWA) and Layer 2 networks.

Another striking phenomenon is the growth of the Ethereum unstaking queue. Currently, the number of Ethereum waiting to be unstaked has reached 620,000, with a net redemption amount of 270,000. Among them, the HTX wallet has redeemed 110,000 ETH. However, the market is not one-way fluid; new addresses have withdrawn 77,000 ETH from Kraken for accumulation, indicating that funds are being rotated.

Although Ethereum may face the risk of a pullback in the short term, its upside potential remains considerable in the long run. Considering the current price level still has a significant gap compared to historical highs, investors may consider gradually accumulating positions at lower levels. Some analysts believe that the goal of Ethereum breaking through $10,000 by the end of the year is not impossible to achieve.

However, investors should keep in mind that the cryptocurrency market is highly volatile, and high returns are often accompanied by high risks. When making investment decisions, it is essential to conduct thorough research and risk assessment, and to develop an appropriate investment strategy based on individual risk tolerance.