As more businesses look to ETH for its practicality and potential for long-term income, the power dynamics between the top two cryptocurrencies may be shifting. Such a development is highly likely to reshape how digital assets are used, seen, valued, and held by corporate financial companies.
Since then, institutional investors have increased the rate at which they are accumulating Ethereum. This steady spike in high-net-worth investors and accumulation strengthens ETH’s position as the core infrastructure asset across the DeFi economy.
At the time of writing, ETH’s price was holding $3,900 despite a more than 2% decline in the last 24 hours. ETH’s price may be down, but CoinMarketCap data shows that its trading volume has increased by over 9% over the past day.
