Foreign media reports suggest that Ethereum's recent rebound is driven more by institutional funds than by short-term sentiment. The simultaneous occurrence of large on-chain purchases and continued inflows into spot ETFs has refocused market attention on whether ETH can break through the $2,000 mark.
Nearly $50 million in buy orders appeared on the blockchain.
According to Lookonchain, three newly created wallets recently purchased a total of 25,425 ETH, amounting to nearly $50 million based on an average purchase price of approximately $1,968. These wallets are believed to belong to the same entity.
Such concentrated buying is often seen as a signal of medium- to long-term funds positioning themselves in advance. The article argues that this indicates some large investors are not chasing short-term fluctuations, but rather increasing their positions while prices are still consolidating.
- Purchase quantity: 25,425 ETH
- Estimated amount: Approximately US$50 million
- Average purchase price: approximately $1,968
Funds continued to flow into spot ETFs
In addition to large on-chain buy orders, spot Ethereum ETFs are also attracting continuous funds. The article mentions that these products saw a net inflow of over $103.9 million in a week, outperforming Bitcoin spot ETFs during the same period.
The continued inflow of funds is seen as institutional confidence in Ethereum's medium- to long-term investment value. Especially when the overall market is still in a consolidation phase, the continued growth in ETF subscriptions often indicates that traditional funds have not significantly withdrawn.
Market focus on the $2,000 mark
From a price perspective, ETH recently stabilized above the double bottom support formed in June, and subsequently returned above the 20-day and 50-day moving averages. The article argues that this reflects a gradual recovery in buying power.
Currently, ETH is still consolidating below $2000. If it can effectively break above this level on the daily chart, the market may next target the $2180 to $2250 area; if it fails to break through, the price may continue to fluctuate within the range, with the $1850 to $1900 area considered the first support zone below.
The article also mentions that Ethereum still holds a dominant position in areas such as DeFi, stablecoins, and tokenized real-world assets. As regulated investment products continue to attract funds, ETH is likely to remain a key target for institutional investors when allocating crypto assets.
