Ethereum Gains Momentum as Major Investors Place Bullish Bets

While Bitcoin struggles near the $90,000 threshold, a significant shift in capital allocation is underway among major market participants. Ethereum is capturing this flow, with its price climbing above $3,100. This move is fueled by substantial institutional positioning and a constructive technical setup on its blockchain.

Beyond price action, a notable personnel shift at the U.S. Securities and Exchange Commission (SEC) is being watched closely. Commissioner Caroline Crenshaw, known for her cautious stance on crypto assets, is reportedly departing the agency. Market observers view this change as a potential catalyst for a more favorable regulatory landscape later this year.

Concurrently, institutional interest remains firm. Assets under management in spot Ethereum ETFs currently stand at approximately $17.1 billion. Furthermore, institutions like BlackRock are actively advancing the tokenization of real-world assets on the Ethereum network.

A Colossal $600 Million Vote of Confidence

The most powerful driver behind the current advance appears to be an enormous bet on higher prices. On-chain analytics reveal that a single large investor on the Hyperliquid trading platform maintains an Ethereum long position valued at over $600 million. This stake exceeds their combined exposure to Bitcoin and Solana, signaling a pronounced conviction in ETH's trajectory.

Notably, this "whale" has held through recent market volatility without selling. According to blockchain intelligence firm Arkham, the investor maintained their position during price dips. Such resilience is often interpreted by market analysts as an indicator of anticipated sustained upward momentum, rather than just a short-term bounce.

Technical Structure Points to Further Gains

On both the four-hour and daily charts, Ethereum is demonstrating strength. The cryptocurrency is trading above all its key moving averages, a classically bullish configuration.

Should investors sell immediately? Or is it worth buying Ethereum?

Key Technical Levels:

• Support: The $3,000 level now acts as a new foundation, with deeper structural support situated near $2,500.
• Resistance: The immediate target is $3,180; a break above this opens the path toward the $3,250–$3,300 zone.

The Crypto Fear and Greed Index registers a score of 29 out of 100, placing it squarely in "Fear" territory. Paradoxically, such readings often precede rallies, as skeptical investors are eventually forced to enter the market.

Capital Rotation from Bitcoin to Altcoins

Ethereum has gained 3.4 percent in the last 24 hours and 6.2 percent over the past week. The psychologically important $3,000 mark is now serving as support. In parallel, Bitcoin's market dominance has dipped below 60 percent—a classic signal of capital rotation into alternative cryptocurrencies.

Trading volumes remain moderate. Experts interpret this as a consolidation phase, which frequently precedes a more volatile expansionary move.

Ethereum enters the new period with considerable momentum. As long as the $3,000 support holds, the path of least resistance remains upward. The alignment of technical indicators and the positioning of major investors suggests the potential for additional price appreciation in the coming weeks.