Ethereum (ETH) has recently broken through the price barrier of $4600, a significant milestone that carries profound market implications. This breakthrough is not just a numerical change; it signifies that ETH has successfully crossed a critical area of chip concentration, and the market's selling pressure has been effectively digested.

This breakthrough is attributed to the resonance of multiple positive factors. Firstly, the trading activity on the Ethereum network has significantly increased, reflecting a growing demand for blockchain applications among users. At the same time, the decrease in Gas fees has lowered the cost of usage for users, further stimulating network activity. Additionally, the recovery of the decentralized finance (DeFi) sector has injected new vitality into the Ethereum ecosystem, and these factors together have strongly propelled the demand side.

In the current market structure, the accelerated rise in ETH prices has become a norm rather than an occasional event. If the momentum of capital inflow continues unabated, then reaching the price level of 6000 USD for ETH in mid-September is likely to become a reality. For investors considering entering the market, it is still the early part of this upward trend, and the potential for further increases remains substantial.

However, investors should also bear in mind that the cryptocurrency market is highly volatile, and any investment decision should be based on a thorough risk assessment. Ethereum's strong performance undoubtedly provided a boost to the entire cryptocurrency market, but the future direction of the market still requires us to closely monitor changes in various influencing factors.