In a powerful show of institutional confidence, Fidelity has purchased $145 million worth of Ethereum ($ETH )
. The move signals growing interest from major financial players in the second-largest cryptocurrency by market cap.
This large-scale acquisition comes amid bullish market sentiment, with $ETH Ethereum edging closer to its all-time highs. Analysts suggest that such institutional buys could help sustain upward momentum and potentially trigger another wave of price acceleration.