ETH/USD closed at $3233.36 after placing a high of $3453.21 and a low of $3233.36. After placing a new all-time high (ATH) at $3453, ETH/USD faced rejection and started falling to post losses on Tuesday. Ethereum broke its nine-day bullish streak on Tuesday amid correction and profit-taking as well as because of the strength in the U.S. dollar for the day. Another reason behind the fall could be the latest comments from Kevin O’Leary, a famous actor from popular television program Shark Tank, who said that no matter how popular Ethereum is or how big and strong it has become, it will always remain “number-two” and will follow Bitcoin.

O’Leary was confident that Ethereum will always remain the second-largest cryptocurrency. He showed much respect for Bitcoin and said that Ethereum does not have the size of BITCOIN. He concluded that Ethereum would be a form of payment while Bitcoin will be something that investors continue to speculate, buy and get rich from.

According to CoinShares, institutional investment managers bought $30.2 million worth of Ethereum last week, bringing their total holdings to a record $13.9 billion. The rising interest of investors in smart-contract platforms raised inflows into Ethereum products. The month-to-date inflows for ETH products totaled $170 million, bringing the yearly total to $824 million. On Tuesday, the educational arm of crypto-exchange, OKEx Academy, published a research report that took a closer look at the institutional interest in Ethereum using data from leading digital asset data provider CryptoCompare. Furthermore, Wisdom Tree Investments launched a physically-backed Ethereum ETP on two European Stock Exchanges. The new product launched on Germany’s Borse Xetra and the SIX Stock Exchange was the firm’s second crypto-related ETP released in the past month.