I just noticed that a major treasury company is once again heavily investing in ETH. Last week, over 71,000 Ether were purchased — the largest buy since December. This shows that institutional players continue to believe in Ethereum, even though crypto prices have recently been under some pressure.

The company now holds a total of 4.87 million ETH, approaching its 5% target for the total circulating supply. In addition to Ethereum, they also store 198 Bitcoin and liquid assets in the triple-digit billion range. Interestingly: they are staking 3.33 million ETH through their validator network and expect an annual yield of about $212 million.

From a technical perspective, ETH is currently trading around $2,130 and shows a stable picture. The price bounces off the important moving averages and is capped by the 100-day moving average at $2,351. The RSI is at 57, indicating potential for further upward movement but also making consolidation more likely. For a crypto price forecast, one should keep an eye on the next resistance levels: $2,388 could pave the way to higher targets.

Support is found at $2,211, below that at $2,107. Overall, it looks like an interesting consolidation phase is forming before the next move.