Ethereum (ETH): Institutional Whales Are Back, But Can It Keep Up?
Trading around $2,444, ETH recently dropped 4.15% intraday. Despite the dip, ETH remains firm above the key support level at $2,384. More importantly, whale accumulation hit record levels on June 12, with over 871,000 ETH bought in a single day, the highest since 2017. The consistent ETF inflow streak is even more bullish—16 straight days of institutional buying. This signals growing confidence in ETH’s long-term value proposition. However, as newer tokens like LILPEPE introduce fresh narratives and viral appeal, Ethereum could catch up with retail investors who crave explosive gains rather than steady blue-chip performance.