Ethereum News Update: Ethereum Value Drops Sharply While Institutions Increase $13.2B Investment Threefold
- BitMine Immersion Technologies, co-founded by Tom Lee, now holds 3.3M ETH ($13.2B), the largest public Ethereum reserve, signaling institutional confidence in its financial infrastructure role. - Ethereum ETFs saw $246M net inflows on Oct 28, with Fidelity and ARK leading, as total inflows reached $14.73B—5.76% of total ETH supply—despite recent volatility. - Ethereum fell 5.5% to $3,800 amid $81M ETF outflows, but institutions like SharpLink continue investing in Ethereum-based projects like Linea, show
The institutional landscape for Ethereum is undergoing significant changes, with major entities such as
At the same time, Ethereum ETFs listed in the U.S. are experiencing a notable increase in capital inflows, signaling a resurgence in institutional interest. On October 28, net inflows for Ethereum ETFs reached $246 million, with Fidelity’s FETH leading at $99.3 million, followed by
Despite these positive developments, Ethereum’s price has been turbulent, dropping 5.5% to $3,800 on October 29 as ETF outflows hit $81 million. This decline came after Ethereum fell below key technical support levels, with analysts pointing to the 100-day EMA and $3,850 as immediate resistance. Nevertheless, institutional investors such as SharpLink continue to commit funds to Ethereum-based initiatives like Linea, reflecting sustained confidence in the network’s long-term value. Meanwhile,
The overall sentiment in the crypto sector is shifting, with
Technical analysis for Ethereum presents a mixed outlook, with the price currently testing its 100-day EMA and finding possible support near $3,500. Open interest in Ethereum derivatives has dropped by 3.2%, indicating a reduction in leveraged positions, while a spike in options trading points to increased speculative activity. Analysts warn that continued outflows or failure to reclaim the $4,000 level could lead to further declines. On the other hand, Ethereum’s upcoming Fusaka upgrade, scheduled for December 2025, is seen as a potential driver for sustained growth, focusing on scalability improvements and lower transaction fees, according to the FinancialContent article.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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