Ethereum is gaining momentum as institutional investors begin to diversify away from Bitcoin, according to analysts at B2BINPAY.
Ethereum (ETH) is showing signs of a potential bull run, as institutions prepare to diversify from Bitcoin (BTC). On June 10, B2BINPAY analysts shared their insights with crypto.news, the same day Ethereum reached a record level of staking balance.
According to data from beaconcha.in, the amount of staked Ethereum hit an ATH of 34.65 million ETH, accounting for 28.7% of the total circulating supply. This milestone coincided with an 8% increase in ETH’s price on the same day. Simultaneously, Ethereum exchange-traded funds (ETFs) recorded their 15th consecutive day of net inflows, totalling $837 million.
Institutions prepare to buy Ethereum, other altcoins
B2BINPAY analysts say this data suggests institutions may be preparing to rotate capital from Bitcoin into Ethereum, a shift that could significantly increase ETH’s market dominance and support gains in other altcoins as well.
“It’s also worth noting that just recently, on June 3, BlackRock sold $130.4 million worth of Bitcoin. Meanwhile, this week alone, we’ve seen over $100 million in ETH purchases, which is a strong signal that institutional investors may be preparing to rotate capital into Ethereum,” B2BINPAY analysts.
In this context, Ethereum has the potential to build further bullish momentum, according to B2BINPAY. As long as ETH holds above the $2,320 support level, a breakdown below $2,000 is unlikely. However, further upside remains in focus.
“If Ethereum follows a bullish path and breaks through the $2,793 resistance, a move toward the $3,500-$4,000 range becomes a very realistic scenario — and in our view, the more probable one”, B2BINPAY analysts.
Ethereum offers staking income to holders, making it attractive to institutional investors. Unlike Bitcoin, which relies solely on price appreciation to generate returns, ETH provides yield, allowing investors to earn passive income without needing to sell their holdings.
