Interesting institutional investors is increasing: Ethereum courses nearly $ 2,000 and platform upgrades expected

Interesting institutional investors is increasing: Ethereum courses nearly $ 2,000 and platform upgrades expected
The interest of institutional investors in Ethereum has increased significantly in the past two weeks, since ETH system products have high inflows. The second largest cryptocurrency has approached the $ 2,000 brand and was last traded at $ 1,960, with a market capitalization of $ 235 billion. The ETH course rose by 4 percent last week.
While Bitcoin is still at the top, Ethereum systems have high inflows. According to Coinshares data, Ethereum systems worth $ 2.7 million were made last week. These inflows could be due to the growing institutional interest.
The new EDX Markets crypto tours, which is supported by the industry leaders Charles Schwab, Citadel and Fidelity, introduced the trade with Ethereum for their users. In addition to Ethereum, Bitcoin, Bitcoin Cash and Litecoin can also be traded. Experts believe that Ethereum may not be classified as securities by the SEC due to this institutional attention.
The market for cryptocurrencies is currently experiencing quick growth because inflation declines and the Federal Reserve Bank has hired preliminary interest rate increases. If the central bank does not absorb its interest rate increases, this could lead to a further increase in Ethereum and other Altcoin courses.
In terms of Ethereum, an upgrade called "Cancun-Deneb" is imminent. This upgrade, which is expected to implement in the fourth quarter of 23, will introduce a new function called "Blob-Carrying Transactions". This function enables larger data blocks to be transferred to Ethereum nodes for a limited period of time instead of hosting them permanently on the layer 1-chain. This should significantly reduce the costs for L1 data and improve the performance of Layer-2-Rollups.
According to analysts, L2 sequencers who are responsible for the reception and organization of transactions can work with the upcoming upgrade more efficient and profitable to reduce the stress on the main ethereum blockchain. This could lead to higher profit margins.In addition, whales have already started to complete bets on Ethereum. Greeks.Live's data show that there was a remarkable increase in block calls for ETH. BUY-DEC-2200C/2400C and Sell Dec-3000C in particular were traded. More than 12,500 sentences were traded, with a nominal value of over $ 50 million. In addition, there were considerable active purchases from Jul-Calls, which indicates a transaction initiated by the buyer.
Overall, it looks promising for Ethereum, as there are both institutional interest and technical improvements that offer the potential for further growth. It remains to be seen how the market will develop, but experts are optimistic that Ethereum will continue to play an important role in the crypto world.