According to Deep Tide TechFlow, on May 27, the investment institution Trend Research confirmed its active buying position in the Ethereum market. The institution started building its position at the ETH price of $1400 and released a research report for analysis at $1800.
On-chain data shows that related addresses recently used 23 million USDT through 4 wallets to purchase 8,846.5 ETH at an average price of $2600. The current holding amount reaches 133,600 ETH (approximately $358 million). These addresses are using the Aave platform to collateralize ETH for lending operations.
Trend Research acknowledges these as its institutional addresses and states that it remains optimistic about the future price potential of ETH and related blue-chip assets.
