Ethereum Gains Momentum Amid Institutional Buying
Ethereum ($ETH ) is showing strong signs of growth as institutional interest surges. Futures open interest rose 40% in the past month, while BlackRock quietly bought $500 million worth of ETH, signaling confidence.
Spot ETH ETFs have seen steady inflows, adding millions of ETH recently. Technically, ETH broke above key levels like the 200-day moving average, suggesting a potential rally toward $3,100–$3,600.
Despite minor price dips, investors poured $249 million into BlackRock’s ETH ETF last week. Increased DeFi activity and staking on Ethereum’s network further support a bullish outlook.