Ether price is pinned below $5,000, but heavy accumulation and record institutional flows set the stage for a potential $6,800 target in Q4.
Key takeaways:
Roughly 1.7 million ETH ($7.5 billion) were accumulated in the $4,300 to $4,400 range, creating strong support.
Institutional demand surges as CME open interest hits all-time highs with short-term maturities dominating.
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Author: Biraajmaan Tamuly
