Looking at this round of Ethereum's rally, it doesn't seem simple behind the scenes. There's a saying that a major institution is doing a rescue—think about it, this big holder is simultaneously holding Bitcoin, Ethereum, and Solana. Just these three assets account for a position of over 700 million USD. When such large orders move, the entire market can feel it.

From the data, such a large-scale capital bottom-fishing or adding positions in the short term could indeed push prices upward. Especially during periods of weak market sentiment, the entry of large funds often acts as a trigger for a rebound. However, this is just speculation; the actual logic behind it depends on how the subsequent trend unfolds.

Currently, whether Ethereum can stabilize this rebound depends mainly on whether these large funds are adding to their positions or offloading. If it's truly a rescue bottom-fishing, there might still be room for short-term growth. If it's just quick in-and-out hedging, then the rebound could end after a wave.