## Institutional Ethereum (ETH) Buying Spree Continues Recent data indicates that institutional investors are heavily accumulating Ethereum (ETH). Blockchain analytics firm EmberCN reports significant withdrawals and purchases by several key addresses. One address, starting with 0xdbf, withdrew 44,983 ETH (approximately $166 million) from FalconX at an average price of $3805. Simultaneously, another address (0xdf0) acquired 23,314 ETH ($88.27 million) through Galaxy Digital. Impressively, this same address executed a single-day purchase of 62,966 ETH, valued at $232 million. ## $2.89 Billion Invested in Ethereum Since July 10th, these institutional addresses have collectively purchased 790,000 ETH, totaling a staggering $2.89 billion. The average purchase price during this period stands at $3510, showcasing a strong belief in Ethereum's long-term potential. This continued accumulation suggests growing institutional confidence in ETH as a viable investment asset. ```

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