Ethereum Shows ‘Strong Bounceback’ Amid Massive Fund Holdings Growth, $4,300 Next?

Core Insights - Ethereum is currently trading around $4,117, showing a slight decline of about 1% in the past 24 hours, but remains stable above the $4,100 mark, with analysts optimistic about a potential rebound towards the $4,200–$4,300 range [1][2] Institutional Accumulation - Recent data indicates a significant increase in institutional interest in Ethereum, with fund holdings rising by 138% over the past year, totaling approximately 6.8 million ETH, compared to Bitcoin's 36% increase to around 1.3 million BTC [3][4] - The ETH/BTC fund holdings ratio has shifted from three-to-one last year to nearly five-to-one today, suggesting Ethereum is increasingly viewed as a core yield-bearing asset rather than a speculative investment [5] Corporate Activity - Despite positive fund data, ETHZilla sold about $40 million worth of ETH while repurchasing $12 million of its own stock, indicating potential shifts in liquidity priorities [6] - Corporate treasuries have generally reduced their crypto accumulation since the market downturn in October, with BitMine being a notable exception, having spent over $1.9 billion to acquire nearly 483,000 ETH since October 10 [7] - Ether ETFs experienced a positive start to the week, recording $134 million in net inflows on October 27, primarily driven by BlackRock's ETHA ETF [7]