The funding data for Ethereum is significantly stronger than Bitcoin:

The spot ETF has seen a net inflow for 3 consecutive days, accumulating 3.57 million ETH in the range of 3500–4000, which is also a position for many institutions.

MicroStrategy and ETF investors have currently only purchased 4.9% of Ethereum, far below the target of 10%. Whether it can continue to break through depends on whether the new institutional buyers on Wall Street can withstand the profit-taking by large holders and continue to provide buying support.

BMNR and SBET bought 190,500 and 56,500 ETH respectively last week. Currently, BMNR holds 1.71 million ETH at an average cost of $3,821. SBET holds 795,900 ETH at an average cost of $3,548. $ETH