Institutional Investors Bet on Ethereum'sLong-Term Value as ETH Price Remains Above$2,000

So far this month, there has been a significant increase in
Ethereum ( ETHUSDT holdings by institutional investors,
marking a renewed confidence in the cryptocurrency's long-term
value, according to a trend analyzed by analytics firm CryptoQuant.
The firm found that there's been a growing trend of institutional
investors betting on the second-largest cryptocurrency by market
capitalization through a series of channels, which include trusts,
exchange-traded products, and investment funds.
Over the last 30 days, the price of Ethereum's Ether has moved up
over 13% amid renewed optimism on the cryptocurrency sector
and after asset management giants BlackRock and Fidelity filed to
launch spot Ethereum exchange-traded funds (ETFs) in the United
States. Year-to-date, Ethereum's price is up 68.8% as it is now
trading above the $2,000 mark.

Source: TradingView