Ethereum (ETH) price recently broke the $3700 mark, attracting widespread attention in the market. This surge is not coincidental, but rather the result of multiple factors working together. On-chain data shows a significant increase in trading activity, while the number of holding addresses has reached a new high, indicating that investor confidence is strengthening.

Historically, whenever ETH breaks through significant resistance levels, it often leads to a rapid increase. Currently, we may be in the early stages of this upward trend. Market analysts generally believe that ETH is likely to challenge the $7000 mark before the end of the year, which could bring substantial returns for investors.

However, the cryptocurrency market has always been highly volatile, and investors must make careful decisions. Although the current market sentiment is optimistic, potential risks should not be overlooked. For those investors considering entering the market, now may be a time worth paying attention to, but at the same time, risk management should be in place to avoid blindly chasing prices.

Overall, the recent surge of ETH reflects the market's confidence in its future development. As the Ethereum ecosystem continues to expand and technology upgrades persist, its position in the cryptocurrency space may be further solidified. However, investors should remain rational, closely monitor market trends, and make investment decisions that align with their own risk tolerance.