After the serious declines in Ethereum (ETH) volume at the beginning of 2022, it has been observed that institutional investors have moved significantly in the last 3 weeks.
The world’s second-largest cryptocurrency, Ethereum (ETH), has faced serious price corrections this year. Since the beginning of 2022, ETH price has corrected over 70 percent. Currently, ETH $128 billion It is trading close to $1,000 with a market cap.
Approaching Proof-of-Stake Thanks to the ongoing developments regarding the (PoS) transition, it seems that institutional investors are turning to Ethereum in significant quantities as of the beginning of June.
The good news is that Ethereum developers Ethereum update As we continue to make progress on Ethereum corporate interest has been increasing lately. Earlier this month, Ethereum developers, On the Sepolia testnet successfully started the update.
Last week, in Ethereum volume $7.6 million net increase. fund manager CoinShares, digital asset fund flows weekly report reported the third consecutive week of inflows into Ethereum-based products. For institutional Ethereum funds $7.6 million while there is an entry, in funds created for Bitcoin $1.7 million Volume outputs continued at a loss.
Also, this week, the famous investor Michael Saylor, Altcoin DailyIn his interview with , he made the following statements in favor of Ethereum:
I think Ethereum is safe, I think it’s pretty obvious. It was launched through an ICO, it has a management team, there are constant system improvements and hard forks.”