After two weeks of a disappointing run, Ethereum (ETH) is once again capturing institutional interest as major funds and asset managers enter the smart contract platform.
According to recent data, Bitmine Immersion Technologies purchased approximately $251 million worth of ETH, adding 63,539 tokens to its portfolio and bringing its holdings to over 3 million ETH ($13 billion).
ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview
Institutional Capital Flows Reinforce Ethereum Bull Case
BlackRock clients have added $41.91 million in Ethereummarking another sign of growing institutional adoption.
These inflows come as Ethereum breaks out of a descending trend line pattern and parallels the rally seen in gold, with ETH’s correlation with gold reaching 0.7 in Q3 2025, driven by ETF inflows and DeFi-driven growth.
On-chain metrics further reinforce this accumulation narrative. Wallets are taking more ETH off exchanges, indicating long-term holding behavior, while tokenization and DeFi usage on the Ethereum network continues to expand significantly.
Institutions appear to be treating Ethereum not just as a speculative bet, but increasingly as a critical infrastructure asset, particularly given Ethereum’s improved post-Proof-of-Stake energy efficiency and its suitability for ESG mandates.
Ethereum holds resistance at $4,100, eyes on $4,440
From a technical perspective, Ethereum is testing the key resistance zone near $4,100-$4,440. Analysts like Ali Martinez Note that the recent break of the descending trend line provides a bullish structural change, but only if support levels remain intact.
The most critical support lies near $3,800, with a deeper pullback to $3,600 if momentum fades. A sustained move above $4,440 could unlock a run towards $4,800-$5,000, provided institutional flows and macroeconomic conditions align.
Conversely, a close below $3,800 would weaken the momentum thesis and potentially invite a pullback towards $3,560 or lower.
With ETF flows, macro liquidity, and network fundamentals converging, Ethereum is showing a rare combination of structural strength, but execution is key. The short-term jury is out until Ethereum closes decisively above $4,100 with volume confirming the move.
ChatGPT cover image, ETHUSD chart from Tradingview
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