Institutional Demand Signals ETH Price Rally to $2,400

Despite current price weakness, strong institutional interest in Ether hints at a potential surge to $2,400 supported by increased network activity.

Despite the lackluster performance of Ether's price lately, there are encouraging signs emerging from the institutional investment sector. The influx of funds from institutional investors, along with a notable uptick in network activity, implies that Ether may be establishing a support level that could lead to a price increase towards $2,400.