#以太坊行情技术解读 Can ETH stabilize above $8,500? On-chain data provides clarity after review

Recently, many people have been asking this question. Instead of guessing, it’s better to see what institutions are doing.

According to on-chain monitoring, over 70 leading asset management firms have quietly taken action—approximately 6.06 million ETH have been gradually transferred into cold wallets, amounting to about $25 billion. The logic behind this is quite clear.

Their operational approach is worth noting: they distribute their positions across more than 1,000 sub-addresses, maintaining an average cost between $3,800 and $4,200. Meanwhile, they create market panic through futures short positions, prompting retail investors to sell at low prices, allowing institutions to absorb the chips. Even more aggressively, these ETH are locked for three years, essentially indicating a long-term holding plan.

Why are institutions so optimistic about ETH? Several reasons stand out:

First, staking yields—an annualized rate of 4.2%, which makes traditional dollar-based financial products look like a dream. Second, ETF arbitrage opportunities—when the premium exceeds 2%, the process of subscription, redemption, and spot trading can generate stable profits. More importantly, ETH’s return over the past six months has outpaced the gains of traditional financial products over ten years, and CFOs of large companies have already recognized this.

Retail investors don’t need to be mere spectators. A prudent strategy is a combination of dollar-cost averaging + staking + premium arbitrage. Invest a fixed amount of ETH on a set date each month into staking pools to earn interest; when ETF premiums appear, execute the arbitrage process of subscription, redemption, and selling spot to continue reinvesting the profits, creating a compounding effect.

The market logic for the next 18 months is: the scale of ETH held by institutions is highly likely to surpass 10 million ETH. By then, ETH surpassing BTC in market cap might no longer be just speculation but a tangible reality.

It’s still an entry window now, but every day you delay, the cost increases. Those who truly profit in the market are always the ones willing to act first.