Yes

>>Ethereum Maintains Support as Institutional Investors Enter – Implications for Its Price

Ethereum Maintains Support as Institutional Investors Enter – Implications for Its Price

crypthub

2 days ago

Technical Support and Bullish Divergence

Ethereum is holding above the $3,091 support zone, showing resilience after short‑term selling. A fresh bullish divergence—first in over a month—appears on the chart, suggesting a potential directional move. Analysts note that staying above the green line keeps the upside focus on the nearby resistance marked by a blue line.

Volatility Context and Whale Positioning

Historical data ties a 9‑16% price swing to drops below $3,200, and ETH now hovers near $3,100, hinting at possible sharp movement. A single whale opened a leveraged long worth $392 million (about 120 k ETH), indicating strong conviction among large players. This aggressive bet fuels expectations of an imminent volatility spike.

Institutional Demand and Future Outlook

Spot Ethereum ETFs attracted more than $250 million in capital this week, while BitMine Technologies added 33,504 ETH valued at $112 million. These purchases reinforce steady institutional accumulation. The market now watches whether ETH can break out upward or must retest lower support before a larger rally.