Ethereum News Today: Ethereum ETFs Rebound as Investors Balance Short-Term Volatility with Long-Term Upgrades

Ethereum spot ETFs saw a net inflow of $55.7 million in the latest week, with Fidelity's FETH token dominating the market as investors continue to position for the cryptocurrency's long-term fundamentals despite near-term volatility according to analysis. The inflow marks a modest rebound after weeks of declining flows, which had dropped below $10 million daily in recent sessions following a peak of $65 million in early October as reported. FETH, which manages $12.8 billion in assets, accounted for over 60% of the week's inflows, underscoring institutional confidence in Ethereum's post-upgrade roadmap.

Market dynamics remain mixed, with Ethereum's price struggling to regain momentum against Bitcoin. The ETH/BTC ratio has fallen to 0.052, its lowest in seven months, as Bitcoin dominance climbed to 53.2% amid strong ETF inflows for BTC. Technical indicators reinforce a bearish tone, with Ethereum trading below its 50-, 100-, and 200-day EMAs at $3,610, $3,729, and $3,546, respectively. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) also point to sustained selling pressure, with the RSI at 26-near oversold territory-suggesting potential for a short-term bounce but not a reversal.

On the macro front, Ethereum's staking infrastructure is showing resilience. Lido's staked ETH balance surpassed 8.95 million tokens, while institutional custodians like Coinbase and Bitwise report steady inflows. BitMine Immersion announced plans to launch its "Made-in-America Validator Network" (MAVAN) in early 2026, aiming to boost U.S.-based staking infrastructure. The company, which declared its first annual dividend, emphasized Ethereum's role in its long-term strategy to acquire 5% of the total supply.

Long-term optimism persists for Ethereum, driven by the upcoming Dencun upgrade. Expected in early 2026, EIP-4844 ("proto-danksharding") will reduce transaction costs and enhance scalability for rollups, a key factor in expanding decentralized finance (DeFi) and enterprise adoption. Institutional adoption remains robust, with JPMorgan's Onyx Network, BlackRock's tokenized funds, and HSBC's blockchain settlement pilots all leveraging Ethereum-compatible frameworks. Real-world asset tokenization on Ethereum has now exceeded $7.4 billion in value, up 27% quarter-over-quarter.

While spot ETFs offer convenience and reduced custody risks, critics highlight drawbacks such as indirect ownership and higher fees compared to direct crypto holdings. Bitwise's Ethereum ETF, launched in September, has attracted steady inflows, but its performance remains tied to ETH's price action.

The Ethereum market remains in a consolidation phase, with investors balancing short-term macro headwinds against long-term technological upgrades and institutional adoption. As the Dencun upgrade approaches, market participants will closely watch for signs of renewed inflows and price stability.