1300 GMT - Institutional demand for ether is improving, offsetting the impact of tighter U.S. financial conditions, Zaye Capital Markets analyst Naeem Aslam says in a note. Recent exchange-traded fund inflows, corporate treasury accumulation and ether's ability to retain most of its weekly advance suggest institutional participation has improved materially, he says. If ETF inflows remain positive and large holders continue accumulating ether while the cryptocurrency holds above $2,600-$2,650, it could rise above $2,800 and potentially $3,000, he says. If institutional flows reverse or higher U.S. yields trigger broader crypto deleveraging, that support would weaken, he says. Ether rises 1.1% to $2,714, LSEG data show.
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