After two weeks of disappointing performance, Ethereum (ETH) is once again attracting institutional attention, with major funds and asset managers jumping on the smart contract platform.
According to recent data, Bitmine Immersion Technologies purchased approximately $251 million worth of ETH, adding 63,539 tokens to its portfolio and increasing its holdings to over 3 million ETH ($13 billion).
ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview
Institutional capital flows strengthen the bullish case for Ethereum.
BlackRock's clients added $41.91 million to Ethereum, marking another sign of growing institutional adoption.
These inflows come as Ethereum breaks out of its descending trendline pattern, paralleling the rally seen in gold. The correlation between ETH and gold reached 0.7 in the third quarter of 2025, driven by ETF inflows and DeFi-led growth.
On-chain indicators further reinforce this accumulation narrative. Wallets are moving more ETH off exchanges, signaling long-term holding behavior, and tokenization and DeFi usage on the Ethereum network continue to expand meaningfully.
Institutions appear to be increasingly treating Ethereum as a fundamental infrastructure asset rather than simply a speculative bet. This is especially true when considering Ethereum’s post-Proof-of-Stake upgraded energy efficiency and suitability for ESG mandates.
Ethereum maintains resistance at $4,100 and is eyeing $4,440.
From a technical perspective, Ethereum is testing a key resistance area around $4,100 to $4,440. Analysts such as Ali Martinez point out that a recent breakout of the downward trendline could lead to a structural change in strength, but only if support levels remain intact.
The most important support is near $3,800, with a further decline towards $3,600 if momentum weakens. A sustained rise above $4,440 could lead to a rise to $4,800-$5,000 if institutional flows and macro conditions are consistent.
Conversely, a close below $3,800 would weaken the momentum theory and likely lead to a return below $3,560.
As ETF flows, macro liquidity and network fundamentals converge, Ethereum is showing a rare mix of structural strength, but execution is key. The jury is out on the short term until Ethereum closes decisively above $4,100 and trading volume settles.
Cover image by ChatGPT, ETHUSD chart by Tradingview
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