Ethereum's (ETH) price reached $2,721 amid significant institutional investments surpassing $400 million over the week, indicating rising investor confidence in the cryptocurrency’s potential.
Institutional Inflows Exceed $400 Million
In the past week, institutions processed more than $400 million worth of Ethereum (ETH). Significant transactions have been recorded between Coinbase Prime and BlackRock’s ETHA wallet, where inflows remain high with no notable outflows.
BlackRock's Asset Management Strategy
A wallet linked to BlackRock recorded the inflow of 149,453 ETH worth approximately $384 million over seven days. Transfers ranged from 7,241 ETH to 10,000 ETH, indicating a strategic, long-term asset retention approach.
Whale Movements Validate Coordinated Capital Strategies
Over the course of 24 hours, more than $112 million in Ethereum-based assets moved across wallets tied to whale activity. This confirms coordinated actions by large capital players in the market and their active participation in capital maneuvering.
Recent institutional inflows and whale movements highlight a high degree of confidence in Ethereum as a viable investment asset with long-term prospects.
