As Bitcoin grapples with maintaining its position above $110,530, Ethereum has surged in popularity among investors, seeing a significant influx of capital into related investment products. According to CoinShares, investors pulled nearly $1 billion out of Bitcoin-focused funds last week while pouring in an impressive $2.5 billion into Ethereum-based options since the start of the month. This trend is further supported by Arkham data revealing a substantial whale transaction: a 22,769 BTC sale for 472,920 ETH. Michael Saylor’s firm Strategy has also added 3,081 BTC to its portfolio, indicating a growing interest in Ethereum. Meanwhile, Bitcoin continues battling to stay above the $110,000 mark, though support levels at the 20-day EMA remain crucial for further price action.