Ethereum (ETH) has recently attracted a lot of attention from institutional investors and Large Investors. It is reported that companies like SharpLink Gaming have accumulated over $2 billion worth of ETH. Meanwhile, U.S. 401(k) retirement plans are starting to allow investments in Crypto Assets, along with market expectations for Spot ETH ETF, these factors could trigger a wave of large-scale capital inflow.

In terms of price, ETH recently broke through the $4000 mark, and technical indicators show a clear bullish trend. In the past 24 hours, net inflows into ETH exceeded $284 million, indicating that buying pressure remains strong. However, ETH is also facing some pressure in the short term: the MACD indicator has shown a bearish crossover, and the price is encountering resistance around $4000, while some Large Investors have transferred ETH to exchanges, which may indicate profit-taking behavior.

Currently, the main risks facing ETH include:
1. $4000 serves as a key resistance level, which may trigger Large Investors to take profits, leading to selling pressure;
2. The short-term technical indicators are weakening, and the MACD death cross may lead to a reduction in upward momentum;
3. The tightening regulation in the DeFi sector, such as the sentencing of the Tornado Cash founder, may have an impact on other protocols within the Ethereum ecosystem.

Nevertheless, the cryptocurrency community remains optimistic about the prospects of ETH. Many investors expect ETH to reach a price range of $5000 to $7000 this year, hoping for the continued entry of institutional investors and the arrival of the altcoin season.

As the market environment continues to change, the future trend of ETH remains uncertain. Investors need to closely follow the technical aspects, fundamentals, and regulatory trends to make informed investment decisions.