Meanwhile, the volume bars were increasing as ETH pumped higher.
Source: TradingView
Ethereum’s continued price rise is boosting confidence that it could mirror its 2017 breakout.
Analysts and institutions are closely watching the altcoin, with deeper research revealing they’re actively contributing to the rally’s momentum.
Institutions scramble for the shrinking supply
BlackRock has added 159,101 ETH worth $499 million, bringing its total Ethereum holdings to 2.021 million ETH, valued at approximately $7 billion.
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