Recently, the price performance of Ethereum (ETH) has been remarkable, soaring from a low of $1385 in April to over $4300. Several key factors are at play behind this significant price increase:

Firstly, the improvement in the regulatory environment has brought positive signals to the market. The Federal Reserve has relaxed restrictions on banks' participation in cryptocurrency businesses, allowing companies like Circle to resume cross-border payment services, injecting new vitality into the entire cryptocurrency industry.

Secondly, the technological upgrades of the Ethereum network have also played a driving role. The latest Pectra upgrade has raised the staking limit to 2048 ETH and introduced account abstraction features. These improvements not only enhance the network's performance but also lower the barriers to user participation, attracting more investors and developers.

Third, the interest of enterprises in Ethereum is growing increasingly. More than 10 companies, including SharpLink and BitMine, have announced ETH reserve plans, with a total investment exceeding 800 million USD. This institutional-level adoption undoubtedly enhances the market's confidence in Ethereum.

Looking ahead, if Ethereum can firmly hold the $4100 level on the weekly chart, the possibility of breaking the historical high will greatly increase. However, investors also need to be cautious of potential risks, especially as the unlocking period for staking approaches, which may bring certain selling pressure.

Overall, the current price trend of Ethereum reflects the market's optimistic expectations for its long-term development prospects. However, as a highly volatile market, investors should remain cautious when making decisions and closely monitor market movements and potential risk factors.