Bitwise Sees $20 Billion Institutional Surge Ahead for Ethereum

Ethereum (ETH) has experienced unprecedented demand over the last several weeks, amidst a surge in institutional interest. Based on this, Bitwise CIO Matt Hougan warns of a looming historic price shock. Meanwhile, the Ethereum price remains shy of the $4,000 psychological level, a threshold last tested in mid-December 2024. Ethereum Faces Historic Demand Shock as Institutions Flood In Exchange-traded funds (ETFs) and corporate treasuries have absorbed available Ethereum supply quickly over the past few weeks source: https://beincrypto.com/ethereum-price-shock-institutional-demand/