- Asian investors have poured $1 billion into the creation of a new Ethereum Treasury, showing growing confidence in the region’s long-term potential for ETH.
- Ethereum price faces selling pressure despite strong institutional interest from major backers in Asia, struggling near $3,800.
The price of Ethereum is in the spotlight as a top Asian investor plans to create a $1 billion ETH vault. The move comes as the cryptocurrency struggles to sustain the $3,800 level.
The move could be one of the largest co-investments in Ethereum from the region and signals growing confidence in Ethereum’s long-term value.
Asian investors plan major Ethereum treasury
A group of prominent Asian crypto luminaries are teaming up to launch a $1 billion cryptocurrency. Ethereum Treasury.
The team also includes Li Lin, founder of Huobi and head of Avenir Capital, Bloomberg reported. He will be joined by Xiao Feng of HashKey Group, Shen Bo of Fenbushi Capital, and Cai Wensheng, founder of Meitu Inc.
Remarkably, the plan has already received major commitments from key institutions. HongShan Capital Group, formerly known as Sequoia China, has committed to invest $500 million. Avenir Capital will add another $200 million and more investors are expected to join. Together, these total commitments are close to $1 billion.
An official announcement is expected in the coming weeks, but final details are still being discussed. The Treasury’s goal is to build a strong reserve of ETH and support its use as a key asset in the global digital economy.
Ethereum treasuries have become more popular in recent years. According to current data, the companies controlling these treasuries hold a total of approximately 3.6 million ETH. as noticed In our previous news brief, BitMine Immersion led the group with around 1.7 million ETH, while SharpLink Gaming held over 797,000 ETH worth around $3 billion.
Some market participants are taking a cautious view. Bitmine Chairman Thomas Lee said that many digital asset treasury companies are currently trading below their actual value. He pointed out that the excitement around him may have died down. Still, Asian investor activity suggests that interest in Ethereum remains strong, especially for long-term holdings.
In another development, CNF reported Bhutan recently became the first country to run its national digital identity system on Ethereum. This development has ensured that approximately 800,000 citizens have access to government services.
Ethereum price remains near major supports
Even if there is good news, ethereum price I’ve been under pressure. ETH fell about 2% on Friday, with massive futures liquidations worth about $215 million in one day. About $146 million of this was from long positions, indicating that many traders had expected prices to rise, but were forced to sell as the market fell.
ETH briefly fell below $3,815, but has since recovered slightly. Analysts believe that if Ethereum price cannot sustain above $3,800, it could fall toward the next support near $3,500. As of this writing, the coin is changing hands $3884top 2.91% within 24 hours.
Technical indicators such as the relative strength index and MACD remain weak, indicating that selling pressure remains strong at this time.
Nevertheless, it is worth noting that the planned $1 billion Ethereum treasury could provide some support to prices in the coming weeks as investors seek stability in a volatile market.
