Ethereum ( ETH ) has performed remarkably in recent times, with its price breaking through the $4000 barrier. Three key factors support this surge: strong spot demand, a significant decrease in exchange reserves, and an increase in open contracts.

Data shows that from June to August, spot buyers continued to dominate, driving the price of ETH from $2000 to $4000. This sustained buying pressure reflects the market's long-term optimism for Ethereum rather than short-term speculative behavior.

At the same time, the total amount of open contracts has risen to 29 billion USD, nearing historical highs. This indicates that new funds are continuously flowing into the Ethereum market, especially with a significant increase in participation from institutional investors, further driving this upward trend.

It is worth noting that the reserves of Ethereum on the exchange have dropped to 18.38 million, setting a new low in nearly 12 months. This combination of reduced supply and increased demand creates a typical supply-demand tight situation, providing strong support for the price of ETH.

However, the market shows a clear differentiation: while large investors are actively increasing their holdings of ETH, retail investors are relatively cautious. This divergence may suggest that retail investors are missing out on the long-term investment opportunities that institutional investors believe in.

Despite market rumors that well-known individuals and large mining companies are investing in Ethereum, this information has not been officially confirmed. Investors should base their decisions on reliable market data and personal judgment rather than unverified news.

Overall, Ethereum's current market performance is strong, with multiple indicators supporting its continued rise. However, investors should remain vigilant, as the cryptocurrency market is known for its volatility, and any investment decision should be made with careful consideration and risk assessment.