Recent data indicates significant Ethereum purchases are being made by large investors despite market sell-offs. Institutional investments are also witnessing growth.
Ethereum Buying Trends Among Large Investors
Large Ethereum holders on Binance continue to increase their positions even as the market faces selling pressure. This suggests that larger traders still perceive value in the altcoin. Data from CryptoQuant shows that Ethereum futures on the Chicago Mercantile Exchange (CME) are attracting new capital, indicating positive signs for the asset.
Ethereum's Performance Against Bitcoin
Over the last three months, Ethereum has outperformed Bitcoin. While Bitcoin reached record highs, its futures activity lagged behind Ethereum's. This indicates that Ethereum, backed by large investors, is showing a growing trend, thanks to institutional support.
Future Price Outlook for Ethereum
As of the time of writing, Ethereum was trading at $4,576.28 after dropping from $4,720. The altcoin has increased by 22% over the past month and 84% over the past six months. Some experts believe Ethereum may reach $10,000. Key will be maintaining the price above $4,560 for a positive short-term outlook.
Currently, Ethereum's position looks stronger than Bitcoin's due to the activity of large traders and growth in institutional investments. The future of Ethereum will depend on the sustained interest from institutional players and possible retail investor involvement.
