Ethereum Grows Stronger with Support from Whales and Institutions

Despite the uncertainty in global markets, Ethereum (ETH) is gaining strength again with the increasing interest of institutional investors and large wallet holders (whales). In particular, the recent increase in volume in futures and the increase in open positions indicate that market activity may increase.

Whales Collect 1.49 Million ETH

According to COINOTAG data, wallets holding between 1,000 and 100,000 ETH have accumulated a total of 1.49 million ETH in the past month. This accumulation indicates that large investors are increasing their confidence in Ethereum. These addresses currently hold approximately 27% of the total ETH supply. On-chain analysis shows that these investors are strengthening their long-term positions despite market volatility.

Significant Increase in Trading Volume and Open Positions

Ethereum is trading around $2,575, up 1.5% in the last 24 hours. The price has fluctuated between $2,473 and $2,869 on a weekly basis. Spot volume increased by more than 32% to $14.27 billion, while futures volume increased by 26% to $53.09 billion. Open interest also increased by 1.2% to $35.13 billion. This data suggests that investors are increasing their positions in anticipation of an impending price breakout.

Institutional Investments Increase ETH Demand

Institutional demand for Ethereum has also reached remarkable levels. BlackRock’s iShares Ethereum Trust fund bought $240 million between June 3 and 6 alone, bringing its total ETH holdings to 1.5 million coins. This brings the fund’s Ethereum positions to over $500 million this month. Other institutional players such as Cumberland and Galaxy Digital are also diversifying away from Bitcoin and into ETH, increasing their Ethereum exposure.

Technical Outlook: Is a Breakout Coming?

Technical indicators are pointing to a critical squeeze zone for Ethereum. ETH is currently trading just below its 20-day moving average, with narrowing Bollinger Bands suggesting an imminent volatility spike. The RSI remains neutral at 52, while momentum and MACD indicators are starting to signal a bullish reversal from the lows.

In potential upward breakouts, the $2,870 resistance is critical. Exceeding this level with volume could carry ETH to the psychological threshold of $3,000. In the opposite scenario, a new support test at $2,400 could occur.

Conclusion: Strong Base in Ethereum, Is the Expected Breakout Imminent?

Ethereum is notable for its institutional buying, whale accumulation, and increasing market activity. While technical indicators and on-chain data support the potential for a breakout, both the upward momentum and possible correction scenarios need to be monitored carefully.

FOR A $10 GIFT FOR 170 PEOPLE PLEASE READ CAREFULLY.

Friends who have not yet activated the futures section will earn $10 when they activate the futures section by entering my referral code 88623008. The first 170 people will benefit from this prize.

I EXPLAIN IN DETAILED.

My brothers and sisters who registered to Binance without a reference, please listen carefully;

When you do what I say in order, you will earn 10 USDT.

Enter the Futures section from your application,

On the next screen, enter the REFERRAL CODE section and open your account by entering the code 88623008,

Brothers who want to complete this process by April 10th and receive a 10 USDT reward can do so. After that, it will be enough to have a $ 30 trading volume after activating your account. However, even if you do this process after April 10th, your reward will not come. Therefore, I recommend that you do it within 5 seconds.

THE SYSTEM WORKS ON A FIRST-COME, FIRST-SERVED BASIS. SO DON'T BE LATE TO GET YOUR GIFT. LIMITED TO 170 PEOPLE.

FOR THE $3,300 GIFT PLEASE READ CAREFULLY.

Friends, you know that we do everything we can for you as publishers. We convey to you the services and opportunities provided to us by our authorities. I have never withheld my support for both the cryptocurrency market and you; on the contrary, I strive to provide more support.

Now I will explain how to claim your gift. First of all, those of you who have not opened a futures account need to activate this account with a short process. I will explain how to activate it in a detailed and simple way.

So who can benefit?

Friends who have not yet activated the Futures section can activate it by entering my reference code 88623008 when opening the FUTURES section. It is an easy process. I have shown where it is below.