Recently, the Ethereum market has shown a positive development trend. Data shows that in July, the net inflow of Ethereum Spot ETF in the United States reached $5.4309 billion, setting a record for the highest monthly inflow in history. This data reflects investors' sustained optimism towards Ethereum and the enhanced market confidence.

Meanwhile, the movements of large funds in the market are also worth noting. Today, a large investor has re-purchased 20,000 Ether, equivalent to approximately $74.06 million, indicating the continued interest of institutional investors in Ethereum.

From a short-term market perspective, although the price of Ethereum has experienced fluctuations, it remains stable overall. Market analysts generally believe that there may be new buying opportunities as the price approaches $3,500. At the same time, the likelihood of a sharp decline in the short term is relatively low, indicating the market's recognition of Ethereum's value.

These data and market trends collectively reflect the ongoing development of the Ethereum ecosystem and the active participation of investors. With the continuous influx of institutional funds and the strengthening of market confidence, the future development of Ethereum is worth looking forward to. However, investors still need to be cautious, closely monitor market changes, and make rational investment decisions.