Ethereum (ETH) has gradually won Bitcoin (BTC) amid the expected constructive breakout of the recent past. Data analysis on the chain shows that institutional investors are increasing their etheric positions, some are led by BitDigital, and are dumping Bitcoin to gain Ethereum exposure.
According to data analysis on the chain provided by Santiment, the ether account now holds around 26.88 million coins, with a balance of 10k to 100k ETH coins added over 200k over the weekend. As a result, the overall supply of ether in centralized exchange has dropped exponentially to a multi-year low of around 18 million coins.
Key reasons why investors are focusing on Ethereum
The Ethereum Network remains unparalleled in the development of decentralized finance (DEFI) protocols and tokenization of real-world assets amid the emergence of flashy chains led by Solana (SOL). According to data from Defilama, the total value (TVL) of the Ethereum Network is locked at around $65 billion, and at the time of writing it has a market capitalization of around $126 billion.
Related: Ethereum is becoming a “master ledger” for finance, says co-founder Joseph Rubin.
In comparison, the Solana network has a market capitalization of around $8.59 billion in TVL and around $10.8 billion in Stablecoins. The Tron (TRX) network has a TVL of approximately $4.95 billion and a market capitalization of approximately $81 billion.
The Ethereum Network has a reputable proving demonstration (POS) consensus mechanism. According to Beaconcha's market data, the number of piling ethers has skyrocketed to over 35.5 million coins, which is being wagered by more than 100k barters.
Institutional trust in ETH grows with record inflows of ETFs
Ethereum Network has attracted more investors in the recent past, following an impressive performance by the US spot Ether ETF. According to SoSovalue market data, U.SZ Spot Ether ETF has now recorded net cash inflows of around $2 billion since April, and currently holds a total net worth of around $10.71 billion.
Meanwhile, technical analysis shows that Bitcoin's domination has reached great psychological resistance, signaling an imminent market reversal. More investors have bet on AltSeason in the short term as the ETH/BTC pair is about to form a bullish macro momentum.
ETH Technical Outlook
Since Ether Price recovered to over $2,000 in early May 2025, the large Altcoin has been locked in over $2,500 integration so far.
Related: Ethereum (ETH) price forecast for July 9th
Most importantly, ETH prices for daily time frames are consistently closed beyond the logarithmic trends of age type, indicating that bulls have acquired status.
Etheric uptrend emotions are also strengthened by daily MACD indicators, which have recently surpassed the zero line amid the bullish histogram rising.
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