Ethereum’s Price Consolidates Amidst Institutional Investments and Growing Demand

Despite a slight dip in price, Ethereum (ETH) is seeing consolidation around $2,500 as institutional investors steadily increase their holdings. Market activity remains active, with trading volume increasing over 25% to reach $11.42 billion in the last 24 hours, indicating renewed investor interest. Coinglass data shows derivatives volume surged 21.9% to $37.36 billion, but open interest decreased slightly, suggesting a cautious approach from some traders while others position for short-term volatility.