ETH remains stable at support levels as institutional buying increases

Ethereum stays above key support, with smart money flowing in, indicating growing confidence. Bullish signals and continuous capital inflows raise questions about whether this stability will trigger an upward surge.
ETH dips below $3,200 before a decisive move
Vietnam AltCoin recently reported that ETH is at a critical point on its chart, suggesting a potential dramatic shift. This immediate pressure is intensified by a massive bullish divergence appearing on the chart, the first in months.
Historical evidence supports analysts' predictions of high volatility. Whenever ETH drops below $3,200, their research shows price fluctuations of 9%–16%. Considering the narrow trading range around $3,100, this historical context suggests a major volatility event is imminent.
Recent market trends bolster the bullish case. Vietnam AltCoin states that a major whale has initiated a leveraged long position worth $392 million (120,094 ETH). Institutional participants are confidently betting on this significant upward move.
Additionally, institutional systems continue to provide stable demand. Over $250 million has been invested in spot Ethereum ETFs this week. Today, BitMine Technologies purchased 33,504 ETH worth $112 million, demonstrating institutional accumulation.
Technical divergences, historical volatility, and key whale and institutional buying put the market at a critical juncture. Vietnam AltCoin questions whether #ETH will immediately confirm the rally or if it needs to revisit lower support levels before launching an explosive move.
According to crypto expert The Boss, a significant technical area is responding well to ETH. Ethereum remains above the $3,091 support zone, indicating short-term buying pressure remains strong.