BlackRock's iShares Ethereum Trust ETF has accumulated over one million ETH, reflecting strong institutional demand for Ethereum.
Institutional interest in Ethereum is on the rise, as evidenced by the continuous net inflows into US spot ETH ETFs.
Crypto analysts remain optimistic about Ethereum's potential to reach a new all-time high, based on historical price patterns and technical analysis.
The total crypto market cap has experienced a downturn, but some analysts believe it could serve as a retest of the previous ATH and act as a base for the next upward rally.