Ethereum sideways price movement continues, but demand for major altcoins at the institutional level has not cooled yet. Amid this sustained price volatility, institutions across the sector are quietly increasing their exposure to ETH and purchasing more altcoins.
Ethereum reserves rise due to corporate demand
A recent report revealed that even though the price of Ethereum continues to be under downward pressure, there is strong underlying demand. In the face of volatility, Iinstitutional investors ETH continues to be acquired as the amount of ETH held in corporate reserves soars to new levels.
According to According to researcher and on-chain analyst Krypto Patel, the total number of ETH held in corporate reserves recently reached 7.33 million ETH, with a value of a whopping $16 billion. This number is the highest level ever recorded.
This milestone shows that companies across the cryptocurrency and financial sectors are becoming more open to treating Ethereum as a strategic part of their long-term financial and digital wealth plans, rather than just a speculative asset. When institutional investors are buying, it often indicates growing confidence in an investment. Ethereum and the networkrole is expanding across the blockchain space.
Currently, about 6% of the total ETH supply is on corporate balance sheets, which Krypto Patel classifies as a rapidly growing institutional accumulation. Overall, the increase in corporate ETH reserves highlights ETH’s role as one of the key assets for long-term investment in the broader and always dynamic cryptocurrency sector.
Small and medium sized ETH whales are selling well
It’s important to be careful about your feelings about. Ethereum They are not uniformly bullish. CW, Market Expert and Verified Author at CryptoQuant says: outlined Sentiment has turned negative among small and medium sized ETH whales.
Expert posts shared on the X platform show that a group of major investors are steadily selling off their ETH holdings, indicating increased vigilance amid the current bear market environment. These investors may be selling their coins to secure more profits and prevent further losses.
Although small and medium-sized, Whales continue to sell ETHlarge whales do the opposite as their balance steadily increases. CW said this suggests that large whales are robbing the coins these groups are selling. In the meantime, this trend could play an important role in building momentum, especially if large holders start positioning for the potential upside.
Currently, ETH price is trading at $2,119, representing a drop of over 3% in the past day. However, as a result of examining the 4-hour price movement of CW, noticed Ethereum is currently in a buy wall zone, which serves as a key support zone for altcoins. ETH is in a buy wall zone, an area where strong demand could help stabilize the price. perhaps spurring recoverya selling wall has also appeared near the $2,250 price level, which also paints a potential bearish outlook for the token.
Featured image from iStock, chart from Tradingview.com
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