Ethereum Institutional Interest Grows as Whales Purchase $205M From FalconX

Ethereum is experiencing volatility and uncertainty, yet institutional interest remains strong. Key points include:

Institutional Accumulation: Three whale wallets recently acquired over $200 million in ETH, indicating ongoing confidence in its long-term value.
Shrinking Exchange Supply: More Ethereum is moving to cold storage, suggesting reduced sell pressure and accumulation.
Technical Analysis: Ethereum trades at $4,515, rebounding strongly from earlier this year's lows. It continues to outperform other altcoins.
Support Levels: The 50-week SMA is at $2,935, the 100-week SMA at $2,876, with the 200-week SMA providing long-term support at $2,444.
Potential Catalysts: Next week's US Federal Reserve meeting could influence risk assets if a rate cut occurs, potentially increasing liquidity inflows.

A decisive breakout above $4,800 could target $5,200–$5,500, while key support lies around $4,300 and $3,800.