Ethereum USD Surges as Institutions Drive Demand and Retail Traders Exit

Ethereum's price has climbed above $3,300 as institutional investors step in and retail traders step back. Long-term holders and institutions have replaced short-term speculation, driving a 10% increase in ETH since the start of the year. ETFs and publicly traded Ethereum Treasury firms have been the main drivers of ETH's strength, creating organic demand for the digital asset. The leverage ratio has fallen, indicating a decrease in leveraged long positions, which has led to significant price spikes for ETH in the past.