Ethereum Soars: ETH Climbs 8% as Institutional Demand Explodes

world’s second-largest cryptocurrency by market cap is enjoying a renaissance as institutional investors pile in, taking advantage of new US‑listed exchange-traded funds that have opened the door to fresh capital.

BlackRock’s ETH ETF, launched barely a fortnight ago, has already attracted $546 million in net inflows, according to data from Bloomberg. Rival products from Fidelity and Invesco are also seeing brisk demand, with traders citing a rotation from underperforming tech stocks into digital assets. “The appetite is extraordinary,” said Alex Thorn, head of research at Galaxy Digital. “We are witnessing a structural shift in how capital allocates to Ethereum.”

The rally is not only driven by ETF flows. On-chain data show whale wallets accumulating aggressively, with the number of addresses holding more than 10,000 ETH at a two-year high. Network fundamentals are also improving, with staking participation now above 28 million ETH, locking up supply and adding upward price pressure.

Technically, ETH has broken out of a months‑long consolidation, with chartists now eyeing $4,000 as the next resistance. The optimism is contagious, with NFT volumes climbing and decentralised finance protocols reporting double‑digit growth in total value locked. For developers and early adopters, the return of bullish momentum feels like vindication. For institutional investors, it signals that Ethereum is here to stay as a core holding in a diversified digital portfolio.

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