Ethereum News Today: Ethereum Surpasses Bitcoin in Institutional Uptake as Companies Seek Better Returns and Enhanced Efficiency
- Ethereum's institutional adoption outpaces Bitcoin as corporate treasuries accumulate 5.98M ETH (4.94% of supply), driven by yield opportunities post-Proof-of-Stake transition. - BitMine Immersion's 77,055 ETH purchase (3.31M total) and SharpLink Gaming's $78.3M ETH buy highlight growing corporate demand amid easing trade tensions and rising ETH prices. - Market analysis notes $4,270 as critical resistance level, with $650M short positions at $4,100 reflecting cautious optimism despite record corporate E
Institutional interest in Ethereum continues to rise, as leading corporate treasuries are increasing their ETH reserves in response to favorable macroeconomic trends.
This wave of purchases has paralleled a recovery in Ethereum’s price, which surged to $4,238 on October 27—a 7.5% increase in just 24 hours, according to Crypto.news. BitMine’s Chairman Thomas Lee credited the positive market mood to advancements in U.S.-China trade negotiations, which have supported risk-oriented assets. “Although crypto fundamentals don’t correlate with equities, historical patterns reveal Ethereum tends to outperform when stocks are rising, strengthening its connection to risk-on sentiment through leverage,” Lee explained, as cited by FXStreet. This sentiment matches the broader optimism in the markets, with the S&P 500 and Nasdaq also climbing as trade tensions eased.
The pace of Ethereum accumulation by companies has now overtaken Bitcoin’s institutional adoption. As of October 23, Ethereum treasury organizations collectively hold 3.2 million ETH, or 0.40% of the total supply, outpacing Bitcoin’s corporate holders, who own 0.36% of the 19 million
At the same time, smaller firms are joining the movement. Bitplanet in South Korea has started a daily
In the short term, market watchers are closely monitoring Ethereum’s price movements. Analysts point to $4,270 as a key resistance point, with a breakout above this level potentially driving ETH toward its October peak near $4,730, according to FXStreet. On the other hand, short sellers have placed $650 million in leveraged bets around the $4,100 mark, reflecting some ongoing caution, as noted by Yahoo Finance. For now, the upward momentum remains strong, fueled by both institutional buying and supportive macroeconomic factors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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