Recently, the cryptocurrency market has experienced a significant surge, with Ethereum (ETH) standing out particularly. The price of ETH has surpassed the $4,300 mark, reaching a new high since December 2021, with a monthly increase of up to 65%. This remarkable upward trend is supported by multiple factors.

Market data shows that in the past 24 hours, there has been a significant net inflow of funds into the Ethereum network, totaling 4,127 ETH. This phenomenon reflects an increasing confidence among investors in the Ethereum ecosystem. At the same time, technically, the MACD indicator is showing strong bullish momentum, further confirming the sustainability of the current upward trend.

However, it is worth noting that with the rapid rise in prices, the technical indicator RSI (Relative Strength Index) has entered the overbought zone, which may indicate potential pullback pressure in the short term. Investors should closely monitor the performance of the key support range between $4,155 and $4,160.

Nonetheless, Ethereum's recent strong performance is still noteworthy. As the world's second-largest cryptocurrency, Ethereum's price movements are often seen as a barometer for the overall health of the cryptocurrency market. This round of increases not only reflects the market's recognition of Ethereum's technological advancements but also demonstrates an improvement in the overall sentiment of the cryptocurrency market.

However, the cryptocurrency market has always been highly volatile, and investors must remain cautious and manage risks when participating. As the regulatory policies surrounding cryptocurrencies continue to evolve in various countries, the market landscape may change at any moment. Therefore, it is crucial for participants to keep a close eye on industry trends, technological advancements, and changes in the regulatory environment.