Analysts from Lookonchain reported large Ethereum purchases. According to their data, over the past week, major holders of the altcoin have added more than $800 million worth of Ethereum to their crypto wallets.
Ethereum was trading at $3,347.29 at 22:10 (19:10 GMT) on the Investing.com Index on Wednesday, marking a 10.11% increase over the day. This was the largest daily gain for the cryptocurrency since May 10.
On Wednesday, July 16, the price of Ethereum (ETH) climbed above $3140 for the first time in 23 weeks. The high-cap altcoin, with a fully diluted valuation of approximately $378 billion, surged 5.53% in the last 24 hours, reaching around $3141 at the start of the European trading session.
SharpLink Gaming Inc. has become the world’s largest corporate holder of Ethereum, increasing its holdings to 280,706 ETH.
Ethereum (ETH) is riding a wave of institutional demand — according to CoinShares, investment inflows into ETH-based products nearly reached $1 billion last week.
Sharia Earn allows users to stake BNB, ETH, and SOL. The product is certified by Amanie Advisors, Shariah consultants, and operates on a wakala (trust-based investment) model for digital asset management.
Most altcoins jumped on Thursday amid optimism over Bitcoin’s new record high.
Ethereum is currently trading at a critical resistance zone. A potential harmonic pattern is forming that could signal a deeper pullback before a major bullish continuation unfolds.
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