Ethereum Price Drops 10%, Institutions Buy Amid Uncertainty

Ethereum’s price has taken a significant hit, dropping around 10% to a crucial support level of $3,150-$3,200. During this downturn, major institutional investors and whales have shown strong interest, acquiring nearly $1.37 billion in Ethereum. This buying activity contrasts with ongoing bearish technical signals, highlighting the asset’s vulnerability to sudden sell-offs while signaling growing institutional confidence. Although a market reversal remains uncertain, experts remain cautious about short-term trends.