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ETH reclaims $3300, with a single-day increase of up to 7%, and this rebound is noticeably stronger than Bitcoin and SOL. Market attention continues to heat up, and institutional actions are even more intriguing.
It is reported that a leading crypto asset management firm has recently increased its holdings of Ethereum significantly, with the purchase progress reaching about 70%, and the actions are frequent and substantial. The firm currently holds over 4 million ETH, with a total value surpassing $13 billion. This position has sparked considerable discussion within the industry. Meanwhile, the firm's shareholder meeting is upcoming, and whether further details about their holding strategy will be disclosed remains a point of interest.
Interestingly, there are also opposing voices in the market. A certain analyst who previously bearish on the crypto market and openly shorted ETH has recently attracted renewed attention. Their bearish logic is mainly based on concerns about market signals. The contrast between institutional bullishness and the analyst’s short positions also indirectly reflects the current market divisions and struggles.