whiterock02

Ethereum (ETH) Price Analysis: Whale Wallets Add 1.49M ETH as Institutional Inflows Near $2.9B, Countering ETF Outflows. #ETHETFsApproved

According to @ai_9684xtpa, Ethereum ( ETH) is showing signs of strength as whale and shark wallets have accumulated 1.49 million ETH in the past 30 days, even as retail investors take profits, according to analytics from Santiment. This accumulation provides a strong support floor, particularly around the key $2,500 psychological level. Bullish sentiment is further fueled by nearly $2.9 billion in year-to-date institutional inflows into ETH investment products, as reported by CoinShares, and fundamental developments like Robinhood's plan to launch its own Layer-2 network on Ethereum. However, traders should note that the 19-day inflow streak for U.S. spot Ethereum ETFs recently ended with minor outflows, according to Farside Investors. While ETH faces technical resistance below its 200-day moving average, the persistent accumulation by large holders suggests a constructive outlook.