Institutional Investment Fuels Ethereum Rally Prediction

Ethereum’s recent price drop may be setting the stage for a major rebound, according to analysts who believe institutional confidence is driving buying activity. Despite last week’s market correction triggered by global trade tensions, large investors are accumulating ETH with renewed optimism surrounding its long-term potential. This sentiment is evidenced by BitMine’s recent purchase of $104 million worth of Ethereum from a Kraken hot wallet in the past few hours. 27,256 ETH were acquired in this transaction, representing a significant inflow of institutional capital into the cryptocurrency market.