Ethereum Drops 3.061% Amid Institutional Buying Spree

Ethereum's latest price was $2576.34, down 3.061% in the last 24 hours. This price movement reflects the ongoing volatility in the cryptocurrency market, where Ethereum has been a focal point for both retail and institutional investors. The recent price action of Ethereum reveals a volatile but structurally significant pattern. The formation of an ascending channel on the 1-week chart indicates a prevailing uptrend, yet the risk of a bearish breakdown below the support trendline remains. This could lead to a correction toward the $2,100-$2,200 range, a historically strong support zone that has held since late 2023. Institutional investors appear to be positioning themselves strategically around this level, as evidenced by the surge in spot ETH ETF inflows. Glassnode reports a remarkable 154,000 ETH inflow in a single week—five times the recent average—highlighting renewed institutional appetite. This confluence of technical support and institutional demand suggests that dips to this range may serve as prime accumulation points for long-term investors.

Ethereum has seen significant institutional interest, with BlackRock’s iShares Ethereum Trust (ETHA) increasing its Ether holdings by over 500 million USD, now totaling approximately 1.51 million ETH. This substantial accumulation by one of the world’s largest asset managers signals robust institutional confidence in Ethereum’s future. Additionally, data from Token Terminal reveals that tokenized assets under management have surged past $5 billion, driven by financial incumbents and fintech firms like BlackRock and Apollo. This trend reflects a broader institutional shift toward Ethereum-based financial products, which could underpin sustained demand and price support. The integration of tokenized assets into mainstream finance not only enhances liquidity but also positions Ethereum as a foundational layer for next-generation financial services.

Sharplink Gaming, Inc. has made headlines by acquiring 176,271 ETH, positioning itself as the largest publicly traded ether holder worldwide. This milestone surpasses other public firms, leaving only the Ethereum Foundation ahead in total holdings. The acquisition, averaging $2,626 per ETH, was funded through the company’s previously disclosed private investment in public equity (PIPE) and additional proceeds from its $1 billion at-the-market (ATM) equity offering program. Between May 30 and June 12, Sharplink raised $79 million in gross proceeds via its ATM facility, with the majority allocated to expanding its ETH treasury position. Over 95% of Sharplink’s ETH is now actively deployed in staking and liquid staking platforms, not only generating yield but also supporting the Ethereum network’s security. The company has also reported an 11.8% ETH-per-share growth since June 2, 2025, enhancing shareholder exposure to the asset’s performance.

Spot Ethereum exchange-traded funds (ETFs) listed in the US set a new record by attracting net inflows for 19 consecutive trading sessions between May 16 and June 12, adding almost $1.4 billion. The streak began with $35 million on May 16, passed $1 billion on May 29, and reached $1.38 billion after another $54 million on June 12. The heaviest single-day intake of $110.5 million occurred on May 22. This uninterrupted flow replaces the previous high of 18 straight inflow days set from Nov. 22 to Dec. 18, 2024, when the same group of spot Ethereum ETFs absorbed about $2.5 billion. As of June 12, spot Ethereum ETFs have accumulated nearly $3.9 billion and could cross the $4 billion threshold for the first time if the inflows continue during the June 13 trading session. This would mark a $1 billion net inflow in two weeks after these funds reached the $3 billion threshold for the first time. Each of the nine US spot Ether ETFs contributed to the latest 19-day advance, with inflows averaging roughly $73 million per session. BlackRock’s ETHA registered the most flows for the period, with over $972 million representing nearly 70% of the total.

Ether’s historical quarterly performance provides additional context for near-term price expectations. Q3 has traditionally been a period of subdued returns for ETH, averaging just 0.88% growth, following significant declines in the preceding quarters. This pattern aligns with reduced market activity during the summer months, often attributed to seasonal trading slowdowns. If this trend persists into Q3 2025, ETH could experience a temporary pullback toward the $2,100-$2,200 support zone. However, this seasonal softness may present a strategic buying window ahead of the historically stronger Q4, which is frequently driven by year-end portfolio rebalancing and increased institutional activity.

Looking beyond the summer doldrums, the combination of institutional accumulation and tokenized asset growth sets a constructive backdrop for a potential ETH breakout in Q4 2025. Year-end investment strategies often catalyze increased buying pressure, and with major players like BlackRock actively expanding their Ethereum exposure, the market could see renewed momentum. Additionally, Ether futures open interest recently hit an all-time high, indicating heightened speculative and hedging activity that may amplify price movements. These factors collectively suggest that investors should monitor ETH closely as it approaches the $2,100 level, considering it a tactical entry point ahead of possible upside in the final quarter of the year.