Ethereum's price experienced volatility today, remaining positive earlier before dropping below key levels after recovering to around $4,400.
Price Support: Institutional Activity
Institutional interest in Ether continues to expand. Ether Machine, a Wall Street-backed firm, announced a purchase of 150,000 ETH, bringing the total to nearly 500,000 ETH valued around $2.2 billion. CoinShares data shows ETH ETFs controlling $37.9 billion in assets, highlighting its appeal to professional investors.
Ethereum Foundation Sale: Trader Opinions
The Ethereum Foundation confirmed plans to sell 10,000 ETH valued at roughly $43 million. This news generated debate among traders, with some arguing that it could signal reduced confidence, while others noted the amount is minor relative to Ethereum’s average daily trading volume. Market strategist Mister Crypto compared the situation to earlier cycles, stating that past Foundation sales did not prevent major rallies.
Accumulation Trend: On-Chain Inflows Data
On-chain data shows investors are moving tokens off exchanges. CoinGlass recorded a net inflow of $31 million into private wallets. Analysts believe such flows often indicate accumulation, as tokens are transferred for long-term storage, though macroeconomic conditions influence investor sentiment in the digital asset markets.
The near-term outlook for Ethereum depends on key resistance levels. A move above $4,450 could confirm a breakout, with longer-term projections suggesting a return to the all-time high near $4,900 and the potential for a rally toward $10,000.
