A few things are helping Ethereum right now. Institutional interest in Ethereum has increased. In the last two months, large companies have purchased over 388,000 ETH. At current prices, that is worth about $1 billion. These firms are adding Ethereum to their long-term holdings, showing more confidence in the asset.
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At the same time, Ethereum ETFs (Exchange-Traded Funds) are gaining momentum. These are investment products that track the price of ETH and are traded on stock markets. Spot ETH ETFs have brought in over 61,000 ETH in fresh inflows in the last eight weeks. This shows that traditionalinvestors are growing more confident in Ethereum’s future.
Some cash-rich investors or big companies are buying a lot of Ethereum again. These big buyers are called whales. When they buy more Ethereum, especially when the price is low, it usually means they believe the price will go up later.