Ethereum holds near $2,690 as institutional buying offsets profit-taking
- —Ethereum trades near $2,690, up 11% in September and 72.7% in Q3
- —BlackRock bought over $1.5 billion in ETH in 20 days, including $1.27 billion via ETHA
- —An early investor sold 2,000 ETH at an average of $3,096, netting $6.19 million
- —An investor moved 112,000 ETH worth $300 million to Bitfinex and sold 42,005 ETH via OTC
Why it matters: A breakout above $2,700–2,800 would open the path to $3,000, but selling by large holders could slow the rally.
Source: Digital Today