Ethereum (ETH) is nearing its 2021 all-time high, propelled by institutional players and changing market dynamics.
Institutional Buying of Ethereum
Ethereum has reached approximately $4,700 due to strong interest from institutional investors. Major players, such as BitMine Immersion and SharpLink Gaming, significantly increased their Ethereum purchases since June 2025, leading to a doubling of the accumulation rate compared to Bitcoin.
Market Dynamics and Retail Skepticism
While ETH's price surges, retail investors continue to sell their assets. This trend is known as the 'wall of disbelief,' where retail investor confidence declines. Institutional optimism is fueled by increased liquidity and rising demand among major players.
Historical Cycles and Future Outlook
Historical cycles indicate that retail disbelief often coincides with profit-taking periods. Expert Geoffrey Kendrick from Standard Chartered raises the price forecast for ETH to $7,500 by year-end, noting that infrastructure improvements and regulatory clarity are positively affecting the market.
Thus, Ethereum shows potential growth driven by institutional purchases, despite retail investor sell-offs. Future forecasts emphasize the likelihood of continued trends.
