**Breaking News:** 📊 On-chain analysis by MAC_D suggests ETH's rise is attributed to:

1) Support from profit status of ETH stakers and long-term holders.

2) Increased Ethereum trading volume and fees from Blackrock ETH spot ETF application, deepening ETH deflation.

3) Reduced Grayscale Ethereum Trust discount rate due to institutional buying. 📈🚀 #Bitcoinworld