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The leading altcoin Ethereum is trading near the resistance at $3,0000, and this is significant. It shows that market players, especially institutional investors, whales, and traders, are making huge bets on the long-term potential of the second-largest cryptocurrency.

Record Futures Volume Fuel Ethereum’s Bullish Momentum

The technical indicators of ETH are quite positive, the volume of transactions is very high, and the capital flows are huge due to the interest from traditional finance. BlackRock, the biggest asset manager in the world, is leading this revived interest.

The company recently carried out a $300.9 million Ethereum purchase, which marked its highest ETH investment yet. This single action has sparked widespread attention, reinforcing the growing belief that Ethereum is becoming the primary asset of interest for institutions.

At the same time, Ethereum futures trading volume has exploded. For the first time in months, ETH futures volume surpassed that of Bitcoin.

Glassnode reported

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