Ethereum Selloff: Institutional Buying Boosts Demand Amid Ongoing Selling Pressure
Ethereum's price has been under pressure lately, trading at $2,436.82 and down 2.56% for the session.
This persistent selling pressure is evident as ETH remains below its key near-term averages.
Notable institutional activity has occurred in recent days, with BlackRock accumulating 385,633 ETH worth $961 million over eight days through spot ETF inflows, which contributed to a total of $1.18 billion in net inflows for US spot ETH ETFs.
This development signals substantial institutional entry into Ethereum, despite ongoing selling pressure and decreased supply on exchanges, with reserves falling 18% since early June 2026.