Odaily Planet Daily News: Ethereum price rose sharply today, and the transaction price approached $2,800. Analysts believe that ETH's price increase today is mainly driven by the following factors: First, the technical side continues to exert its strength, and the daily chart confirms the bullish continuation pattern "bull flag". After breaking through the upper edge of the flag, it has the potential to continue to rise; second, Ethereum futures open interest (Open Interest) hit a new high. Data shows that large investors are actively deploying. The current total position of mainstream trading platforms has reached about 37.3 billion US dollars, and the capital flow is biased towards the long side; third, spot ETH ETF funds continue to flow in, with a net inflow of about 394 million US dollars in the past 8 days, of which BlackRock ETHA fund contributed about 288 million US dollars. The entry of institutional capital boosted market confidence. Overall, ETH is expected to continue its upward trend. (Cointelegraph)