Ethereum News Today: Ethereum Surges Past $4,017 as ETF Inflows Hit $726.6M Daily

Ethereum’s price is encountering key resistance near $4,060, a level that has historically acted as a potential turning point for either trend continuation or reversal. Despite this immediate barrier, institutional demand for ETH remains robust, with on-chain data and market activity reflecting a sustained increase in accumulation and usage. The ongoing buildup in leverage, particularly across major exchanges, suggests heightened volatility as traders brace for potential price movement in either direction.

US Spot Ethereum ETFs have driven significant capital inflows, recording $726.6 million in daily net inflows, pushing total holdings beyond 5 million ETH. BlackRock and Fidelity lead the institutional buying, with combined holdings now valued at approximately $20.3 billion. Beyond ETFs, firms like Ark Invest and Fundamental Global have also added to their ETH exposure, with Ark purchasing 30,755 ETH valued at $108.57 million and Fundamental Global committing $200 million to its Ethereum treasury [1].

Network activity continues to show strength, with Ethereum processing record transaction volumes and experiencing growing staking participation. The SEC’s resolution of liquid staking investigations has further cleared regulatory ambiguity, allowing for more confident institutional participation. Upcoming upgrades—Pectra and Fusaka—are expected to improve scalability and reduce transaction costs, supporting Ethereum’s broader utility and adoption [1].

On-chain metrics highlight the current leverage intensity across exchanges. The all-exchange Estimated Leverage Ratio (ELR) has risen to 0.68, nearing historical peaks, while Binance’s ELR stands at 0.52, indicating a relatively lower level of leverage on the exchange. However, Binance has seen a sharp increase in net inflows, which could precede localized sell pressures from liquidation events or arbitrage strategies [1].

Despite the short-term technical resistance, Ethereum’s price action shows signs of strong underlying support. The coin has already broken above the $3,860 level, reaching $4,017—the highest since December 2024. This breakout was accompanied by a 30% surge in trading volume, reinforcing the strength of the bullish momentum [9]. Analysts remain cautious about immediate volatility due to leverage, but the broader trend remains intact.

The market is now watching key support and resistance levels. A pullback to $3,980–$4,020 could provide a near-term test, while a successful break above $4,060 would target $4,450–$4,550. Institutional accumulation and network fundamentals suggest that Ethereum remains well-positioned for further gains, assuming continued demand and favorable regulatory conditions.

Source: [1] ETH Price Breaks 45-Month Pattern as Ethereum Surges Past (https://blockchain.news/news/20250809-eth-price-breaks-45-month-pattern-as-ethereum-surges-past)