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Crypto Prune > News > Crypto > Ethereum > Ethereum prices will change bullish as institutional profits shift from BTC to ETH
Ethereum

Ethereum prices will change bullish as institutional profits shift from BTC to ETH

9 months ago 1 Min Read

Ethereum (ETH) prices are gaining momentum as institutional investors appear to be spinning capital from Bitcoin (BTC) to ETH, indicating an increase in confidence in the future prospects of the token. The main factor in this story is BlackRock’s growing ETH holdings, along with reduced BTC exposure. Galaxy Digital’s major OTC whale purchases also add a tailwind for bullish Ethereum price predictions. This fundamental shift in investor mindshare from Bitcoin to Ethereum, coupled with technical patterns, is extremely bullish for ETH.

See also  Ethereum is solid after the drop, but resistance remains strong
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