Ethereum's market capitalization has decreased to $500 billion, down from $560 billion, even as major institutions invested over $900 million in the cryptocurrency during Q2 2025. Notable investors include Goldman Sachs, Millennium, and Jane Street, reflecting increased Wall Street confidence in Ethereum. Exchange balances have dropped to under 13 million ETH, the lowest in years, suggesting a tightening supply amid rising demand. Institutional filings show significant Ethereum exposure through ETHA shares, with Goldman Sachs leading with $600 million. Despite short-term bearish signals, long-term indicators suggest potential bullish trends as Ethereum's resilience is tested at the $500 billion market cap level.