$ETH Ethereum Price Returns Above $2,000—And Institutional Investors Are Leading the Rally👀
In March this year, Ethereum once again surpassed the $2,000 threshold. This surge isn't solely driven by retail investors; institutional demand has also significantly contributed
📊 On March 3, BlackRock added $41.9 million worth of Ethereum, further cementing its long-term bullish stance. Even as other ETFs saw short-term outflows, major institutional investors continued accumulating amid market volatility
But it's not just about institutions
📈 Network fundamentals are heating up:
* Daily active addresses: 837,000 (+82%)
* Approximately 285,000 new addresses daily (+64%)
This represents genuine network growth—not just speculation
Technically, Ethereum (ETH) is pressuring the $2,150 resistance within an ascending triangle pattern. Momentum indicators (MACD and RSI) remain bullish
🔑 If bulls break above $2,150, the next major target lies near $2,400
However, a loss of upward support could trigger another consolidation phase
For now, institutional capital inflows and network growth keep Ethereum firmly in the spotlight.
In March this year, Ethereum once again surpassed the $2,000 threshold. This surge isn't solely driven by retail investors; institutional demand has also significantly contributed
📊 On March 3, BlackRock added $41.9 million worth of Ethereum, further cementing its long-term bullish stance. Even as other ETFs saw short-term outflows, major institutional investors continued accumulating amid market volatility
But it's not just about institutions
📈 Network fundamentals are heating up:
* Daily active addresses: 837,000 (+82%)
* Approximately 285,000 new addresses daily (+64%)
This represents genuine network growth—not just speculation
Technically, Ethereum (ETH) is pressuring the $2,150 resistance within an ascending triangle pattern. Momentum indicators (MACD and RSI) remain bullish
🔑 If bulls break above $2,150, the next major target lies near $2,400
However, a loss of upward support could trigger another consolidation phase
For now, institutional capital inflows and network growth keep Ethereum firmly in the spotlight.
