Ethereum Buying Surge: Institutional Interest Soars with $1B Demand

Ethereum has seen significant buying activity in recent times, including a massive $13.55 million whale purchase and 40,000 ETH moved from Binance worth over $100 million.

Institutional interest is strong, with BlackRock's ETHA ETF accumulating nearly $890 million over eight days.

ETH reserves on exchanges have dropped to 14.93 million, reducing available supply.

The U.S. spot demand is rising, indicated by a positive Coinbase Premium Index, while leverage remains controlled.