Purpose Investments: Stakes $80M ETH

Purpose Investments deposited 42K ETH worth roughly $80M into the Ethereum Beacon Deposit Contract in three hours, moving 36.6% of its Ether ETF holdings that total 114.9K ETH.

ETH trades at $1909.78 inside a bullish structure with price above the EMA50 at $1880.59 and EMA200 at $1832.58. The MACD golden cross at 6.75 reinforces upward momentum while RSI at 62.14 leaves room before overbought conditions. Price now tests the upper Bollinger Band resistance at $1912.17, setting up a likely pause near that level before any extension toward higher targets.