Ethereum Surges Past $4,500 as Institutional Buying Booms

The Ethereum price has experienced a significant surge, climbing 0.65% in the past 24 hours to reach $3,865.10. A notable factor behind this rise is the activity of institutional investors like BitMine, which recently acquired ETH worth $29 million from Galaxy Digital. This large buy order, executed through OTC desks, aims to accumulate a significant share of the Ethereum supply, ultimately contributing to the overall price movement. 🤯 Details on the transaction can be seen here: [link to Twitter post] 📷 . #Ethereum #CryptoMarket