Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, stands at a critical crossroads. Data from the past week presents a complicated tableau: although institutional outflows from Ethereum-related products keep rising, an anonymous whale—or possibly a coordinated group—has been making some seriously aggressive moves to accumulate the asset. As this protest by the so-called smart money against current macro conditions unfolds, the future of the Ethereum price seems set to either resolve to the upside or downside in a not-too-distant timeframe. CoinShares’ most recent report states that investment products centered on digital assets have experienced a third week of consecutive outflows.
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