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Ethereum shows weakness as institutions prefer Bitcoin despite buying spree

Market News
20 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Institutional interest in Ethereum remains, with Bitmine adding over 71,000 ETH last week, viewing the price drop as a buying opportunity. However, market data shows stronger conviction for Bitcoin, with its net taker volume staying positive while Ethereum's declines, indicating sellers dominate. Sentiment around Ethereum is bearish, with key support levels lost and negative futures market signals. This suggests Ethereum's weakness may continue despite institutional purchases, as buyers favor Bitcoin.

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