Institutional interest in Ethereum continues to rise, as evidenced by significant increases in reserves and assets. This article explores the current situation and projected trends.
Growth of Strategic ETH Reserve
The Strategic ETH Reserve has increased to 2.32 million ETH, worth $9.02 billion and accounting for 1.92% of Ethereum's total circulating supply. The reserve, spread across 64 active participants, has surged since early April.
ETF and Large Holder Dynamics
According to data from the Strategic ETH Reserve, ETH held in ETFs has reached 5.80 million ETH, valued at $22.58 billion, which is 4.81% of the total supply. The accumulation streak has lasted 16 consecutive days, with over 122,000 ETH added daily.
Ethereum Price Forecast
Ethereum surged to $3,877 today, inching closer to the anticipated $4,000 price mark. If it manages to break that level, nearly $1 billion in short positions will be liquidated, as noted by analyst Evan Luthra.
The current dynamics of demand from institutional investors indicate a growing interest in Ethereum, which could have a significant impact on its price in the future.
