ETH's current rally is driven not only by capital inflows but also by structural tailwinds, such as new capital flows from ETF listings and proactive accumulation by leading mining pools and whales. Technically, there is a short-term double top pattern, warranting caution against chasing rallies, though the overall trend remains within major blue-chip and mainstream liquidity channels. For short-term trading, it is recommended to monitor support levels when price pulls back to key moving averages, combined with rational stop-loss placement.