Ethereum Jumps 27 Percent Following Big Institutional Buy

Ethereum has climbed 27 percent over the past month. The momentum follows a clear rise in institutional interest for the leading smart contract platform.

BitMine recently added 9,946 ETH to its balance sheet. This purchase brings their total holdings to 5.79 million ETH, which represents roughly 4.8 percent of the entire supply currently in circulation.

With the price now hovering near 1,980 dollars, traders are keeping a close eye on the charts. The big question for the community is whether Ethereum can sustain this momentum and break through key resistance levels in the coming days.