Despite recent selling pressure, large Binance traders have continued to buy Ethereum (ETH), driving the cryptocurrency above $4,600. This buying activity is fueled by strong institutional interest in ETH futures, with CME data showing increased open interest. Analysis suggests that while retail participation has been muted, institutional investors are increasingly backing ETH as a top altcoin, outperforming Bitcoin. CryptoQuant reports rising Ethereum Open Interest on the Chicago Mercantile Exchange (CME), indicating new capital entering the market. Meanwhile, Bitcoin struggled to regain momentum after its recent price peak. The contrast in activity between the two digital assets is stark, with Ethereum attracting more institutional support and demonstrating sustained growth. This trend suggests a potential shift in investor sentiment, with analysts noting that large-scale buying on Binance indicates ETH’s resilience even during market fluctuations. While ETH has shown strong performance over the past year, reaching new highs, its long-term outlook depends on continued institutional support and potential retail participation. The post discusses key insights into Ethereum’s price action, including its outperformance of Bitcoin, active buying from large Binance whales, and evolving market trends.