Ethereum shows strong recovery: Institutional investors drive trend reversal

Advertisement / Advertising

The crypto market is at its best when you're invested in Bitcoin. Ethereum has proven somewhat of a disappointment so far. Although the world's second-largest cryptocurrency gained over 40% in May, investors are still significantly down year-to-date. An all-time high is out of the question. At least not yet. However, there are currently several indications that this is about to change.

For Bitcoin, spot ETFs are the main price drivers. Since their approval in January 2024, institutional investors have invested approximately $120 billion in Bitcoin. Demand for Ethereum has so far remained manageable. But now, the trend is turning. Yesterday alone, over $100 million was invested in $ETH via spot Ethereum ETFs.

What's particularly striking is that institutional investors have been investing in Ethereum ETFs for weeks now, while Bitcoin ETFs are experiencing increasing capital outflows. This leads analysts to believe that a shift in thinking is taking place and that $ETH could now quickly recapture the $3,000 mark. Apparently, some whales share this view. One major investor has increased his Ethereum position by $283 million and now holds $ETH worth $365 million.

This development is what is needed to sustainably propel the $ETH price toward its all-time high, as there are currently comparatively few retail investors in the market who could drive the rally. The Bitcoin price of $100,000 is also primarily due to companies buying large quantities.

There are significantly fewer investors in the market today than in 2021, so the big money from institutional investors is needed to drive prices higher until retail investors become aware of the potential again and continue the rally. If that happens, a new all-time high for Ethereum is also possible in the coming months. However, experts currently see significantly more potential in Solaxy ($SOLX).

With Solaxy, a true innovation for the Solana ecosystem is about to arrive. As the first Layer 2 solution for Solana, the project aims not only to ensure greater stability in the Solana ecosystem but also to take the network's scalability to a new level. Fast and cost-effective transactions could create a whole new ecosystem of decentralized applications and tokens.

The opportunity to participate in a new blockchain and its associated coin before its initial public offering is causing quite a stir. Investors have already invested nearly $44 million in the pre-sale, quickly demonstrating the potential that lies within. Solaxy is already one of the most successful ICOs in the history of the crypto market. Some analysts even see Solaxy as having the potential to become a billion-dollar coin, which would mean returns of well over 1,000% for those who get in from the start.

Go directly to the official Solaxy website!

Note: Investing is speculative. Your capital is at risk when investing. This website is not intended for use in jurisdictions where the trading or investments described are prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or state of residence. Therefore, please conduct your own due diligence. This website is provided to you free of charge, but we may receive commissions from the companies we feature on this website.