While Ethereum (ETH) trades in a narrow range and volatility decreases, institutional investors are steadily increasing their exposure to the world’s second-largest cryptocurrency. Activity is picking up both on-chain and behind the scenes in traditional finance.
🔹 ETH Price Consolidates, Trading Volume Rises
At the time of writing, Ethereum is priced at $2,492, down 0.9% over the past 24 hours. It’s sitting near the lower end of its 7-day range ($2,419–$2,666), while 24-hour trading volume has surged by 25% to $11.42 billion, indicating renewed market interest.
In derivatives markets, volumes have jumped 21.9% to $37.36 billion, although a 1% drop in open interest suggests some traders are exiting positions while others prepare for short-term volatility.
🔹 ETH Spot ETFs Record 4th Consecutive Week of Inflows
According to SoSoValue, Ethereum spot ETFs have seen inflows for four straight weeks, with last week alone attracting $281 million. These funds now manage over $9.6 billion in assets.
This demonstrates that traditional financial institutions are allocating sizable capital into ETH, moving beyond a superficial level of exposure.
🔹 Nasdaq Companies and Funds Enter the ETH Arena
On June 2, SharpLink Gaming, a Nasdaq-listed company, raised $425 million to begin accumulating Ethereum for its treasury. The funding round was led by ConsenSys, with Ethereum co-founder Joseph Lubin joining SharpLink’s board.
UK-based Abraxas Capital also increased its ETH holdings in May, bringing total exposure to over $800 million.
🔹 U.S. Banks Can Now Stake ETH – Lido Sees Record Deposits
Recent reports reveal that U.S. banks are now permitted to stake Ethereum, a shift that could unlock billions in future capital flows.
This is already reflected on-chain. Staking deposits on Lido (LDO) rose 5% last week, reaching 9.5 million ETH. According to crypto analyst Merlijn The Trader, total staked ETH on the network now exceeds 32.8 million ETH, securing over $100 billion and significantly reducing liquid supply.
🔹 BlackRock and JPMorgan Show Confidence in Ethereum
While firms like BlackRock and JPMorgan may not be public buyers, they are building infrastructure on Ethereum, signaling deep-rooted confidence in its long-term viability.
🔹 Technical Analysis: Mixed Signals with Long-Term Bullish Outlook
ETH is hovering near the lower band of its Bollinger range, while the Relative Strength Index (RSI) sits at 51, indicating a neutral market stance.
🔸 Short-term SMAs and EMAs show slight bearish pressure
🔸 Longer-term moving averages (50, 100, 200-day) remain strongly bullish
🔹 What’s Next for ETH?
📈 Bullish scenario:
If ETH breaks above $2,560 and maintains momentum, it could target $2,700, and if that level holds, possibly reach $2,850 in the near term.
📉 Bearish scenario:
Failure to hold $2,430 could trigger a drop back to the $2,300–$2,250 support zone.
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