<ul data-eligibleForWebStory="false"><li>Institutional interest in Ethereum is surging as $230 million worth of ETH was moved off centralized exchanges by two major players in the last 24 hours.</li><li>Large withdrawals like these are often seen as bullish indicators, suggesting that institutions are opting to hold or stake ETH rather than trade.</li><li>Ethereum has seen a 7% increase in value over the past week, currently trading at $2,591, with network fundamentals improving as validators raised the gas limit to 45 million, enhancing network capacity.</li><li>Institutional adoption of ETH is gaining momentum, with companies like Bitmine announcing a $250 million private raise to build an Ethereum treasury, indicating a growing interest in accumulating and utilizing ETH.</li></ul>

Institutions Move $230M in ETH to Cold Wallets—Ethereum Now Up 7% in The Week

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