Institutional cold wallets are moving, which carries much more weight than tweets pumping.

CoinWorld News: Crypto financial firm Sharplink has repurchased Ethereum after an eight-month pause, buying 39,196 ETH worth approximately $62 million. Despite the Ethereum market facing weak demand and heavy pressure, Sharplink's move stands out as institutional investors had previously withdrawn from listed Ethereum products. According to Lookonchain data, Sharplink completed this transaction within three days, demonstrating its confidence in Ethereum. Although market sentiment towards Ethereum has significantly deteriorated, Sharplink's purchase still indicates that some institutions remain bullish on Ethereum's infrastructure value.