Ethereum appears poised for a new bullish wave as signs emerge that institutional investors are beginning to diversify their crypto portfolios away from Bitcoin, according to analysts at B2BINPAY.
On June 10, Ethereum reached a historic milestone, with its staking balance achieving an all-time high of 34.65 million ETH, roughly 28.7% of its total circulating supply, data from beaconcha.in reveals. This landmark event coincided with Ethereum’s price climbing around 8% on that same day, underscoring renewed investor confidence. Complementing this momentum, Ethereum-focused exchange-traded funds (ETFs) experienced their fifteenth straight day of net inflows, accumulating a total of $837 million.
The recent market developments have sparked speculation from analysts that institutions previously concentrated heavily in Bitcoin are now actively repositioning toward Ethereum and other altcoins. Highlighting recent market activity, B2BINPAY’s analyst team observed that BlackRock, on June 3, sold approximately $130.4 million worth of Bitcoin while institutional buyers have continued to accumulate Ethereum aggressively, with over $100 million added just this week.
B2BINPAY experts suggest this shifting sentiment may substantially boost Ethereum’s market dominance and potentially enhance the prospects of other alternative coins. They noted that as long as Ethereum (ETH) manages to sustain its price above the crucial support level at $2,320, a downside scenario dropping below $2,000 is highly unlikely.
Further elaborating on their bullish forecast, B2BINPAY analysts identified significant upside potential should Ethereum surpass the immediate resistance level around $2,793. Breaking above this critical point could pave the way towards the $3,500 to $4,000 target range, a scenario that analysts see as increasingly plausible.
Institutional interest in Ethereum is notably bolstered by the staking rewards system, which allows investors to earn passive income on their ETH holdings without liquidating their positions—offering an attractive revenue stream that Bitcoin, which depends solely on price appreciation, does not provide. This added appeal, combined with its growing institutional inflows, positions Ethereum as a key player experiencing renewed momentum in the cryptocurrency space.
