ETH Holds Above $2,700 Amid Strong Institutional Demand

Ethereum's price continued its upward trend on Tuesday, holding above $2,700 as investors remained bullish. The top cryptocurrency saw a 14% increase in value over the past seven days, with Ethereum ETFs attracting net inflows of $270 million over two consecutive days.

This influx of funds is significant, as it marks a reversal from the prior three days of outflows worth approximately $413.8 million. The recent trend is being driven by strong institutional demand, with BitMine Immersion (BMNR) likely purchasing 12,500 ETH to add to its collective balance.

Whales are also showing increased interest in Ethereum, with one OTC whale buying 4,500 ETH on Tuesday, bringing its total holdings to 37,000 ETH. Another key whale swapped 200.71 BTC for 6,247 ETH, further fueling the uptrend.