Ethereum Strengthens Amidst Institutional Investment Surge

Ethereum’s price has remained resilient, even amidst volatility, thanks to significant investment from institutional players. A recent acquisition by UK-based Abraxas Capital Management stands out as a prime example of this trend. The company purchased 278,639 Ethereum worth $655 million before the network’s Pectra upgrade. This strategic purchase contributed to Ethereum’s short-term price stability, showcasing its growing attractiveness to major investors.