Golden Finance reports that 10x Research published an analysis on the X platform stating that the current price of Ethereum (ETH-USDT) is above the 7-day and 30-day moving averages, indicating that the ETH price is in a bullish trend. Over the past week, the ETH price has risen by approximately 3.6%, a trend that may be driven by around $148.5 million in inflows into the Ethereum ETF, particularly as BlackRock's Ethereum ETF has started to increase its holdings of ETH, with the asset size of this ETF now reaching approximately $4.6 billion. Additionally, BitMine has raised $250 million to support ETH asset strategies, and SharpLink Gaming has increased its holdings by 9,468 ETH, enhancing institutional demand.