Institutions buying ETH under $2K despite 6-month decline

Institutional investors are consistently buying Ethereum below the $2,000 level, even as the asset experiences its sixth consecutive month of decline, BeInCrypto reported. Citing an analyst, the outlet noted that this is Ethereum's longest downtrend since 2018. Despite growing concerns over unrealized losses, purchasing ETH below $2,000 is being viewed more as an opportunity than a risk. Inflows into accumulation wallets held by large-scale investors have reportedly reached an all-time high, with recent buyers including firms like Bitmine (BMNR) and K3 Capital. In contrast, the report added that retail investors are turning away from Ethereum, fatigued by its sideways price movement over the past five years.