Ethereum (ETH) has maintained a price above $3,800 amid significant institutional demand, highlighted by competition between major players SharpLink and BitMine in accumulating ETH. SharpLink purchased an additional 77,210 ETH last week, boosting its total holdings to 438,190 ETH, valued around $1.69 billion. Meanwhile, BitMine leads with 625,000 ETH valued at about $2.35 billion and recently announced a $1 billion share repurchase program. Amid a tense macroeconomic landscape, with a Federal Reserve decision pending, ETH has seen a rise of 56% over the past month due to strong demand from corporate treasuries and ETFs. Technical analysis indicates that ETH has found support at the $3,850 zone as it consolidated near its highs ahead of upcoming market changes, reflecting the growing interest and investment from institutional entities.

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