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#Ethereum is on fire, and the momentum is undeniable.
Institutions are diving in deep BitMine now holds a staggering $500 million in $ETH , and BlackRock recently made waves with a $230 million purchase.
Ethereum Spot ETFs are booming too, adding 61,000 ETH just last week.
That marks eight straight weeks of inflows, bringing total holdings to 3.77 million #ETH , nearly reclaiming the February peak of 3.81 million.
Behind the scenes, whales are making bold moves. On June 12 alone, wallets holding between 1,000 and 10,000 ETH snapped up 871,000 ETH,the largest one-day accumulation since 2017. These whales now control 14.3 million ETH, signaling strong long-term conviction.
Meanwhile, ETH is quietly disappearing from exchanges. With only 19.7 million ETH left on trading platforms a five-year low.
The selling pressure is fading, and HODLing is taking over. Retail investors are catching the wave too: 84% of Coinbase users are buying ETH, while sentiment soars.
The Fear & Greed Index sits at 74, flashing greed, and the RSI is at a bullish 72.74. All signs point to one thing: Ethereum is in a moment, and it’s just getting started.
#Crypto Legislation Voting Week #BTC Hits New High #BTC Hits New High