Ethereum News Today: Ethereum price jumps 45% as record $1.01B ETF inflows drive bullish momentum

Ethereum has experienced a significant price surge of 45% in the past 30 days, reaching approximately $4,275, as spot Ether ETFs recorded their largest net inflows ever on Monday, amounting to $1.01 billion [1]. This figure far exceeded the inflows of Bitcoin ETFs, which stood at $178 million on the same day. BlackRock’s iShares Ethereum Trust ETF (ETHA) led the inflow surge with $640 million, followed by Fidelity’s FETH with $277 million in new investment [1].

The surge in demand is supported by strong market fundamentals. The amount of ETH held on exchanges has dropped to a nine-year low of 15.28 million ETH, signaling increased long-term holding behavior among investors [1]. Additionally, institutional buying has been substantial. One unidentified entity was reported to have purchased 49,533 ETH—worth $212 million—in a single day, and over 221,166 ETH ($946.6 million) in the previous week [1]. These large-scale purchases indicate growing confidence in Ethereum as a long-term asset.

Ethereum’s role in the broader crypto ecosystem remains dominant. It accounts for 58% of all tokenized assets across blockchains and has recently surpassed $150 billion in staked assets, reflecting its foundational position in decentralized finance [1]. Meanwhile, the spot Ether ETFs have consumed over 50% of the ETH issued since the network transitioned to proof-of-stake in late 2022, highlighting the ETFs’ significant influence on Ethereum’s supply dynamics [1].

Despite this strong bullish momentum, certain indicators suggest caution. The all-exchange Estimated Leverage Ratio (ELR) has risen to 0.68, nearing historical levels, which could amplify price volatility in both directions [1]. Short-term traders have also begun booking profits, signaling possible resistance to further gains. Ethereum co-founder Vitalik Buterin warned that corporate accumulation of ETH could turn into a risky “overleveraged game” if not managed carefully [1].

On the buying side, U.S.-based investors continue to show strong interest, as evidenced by the Coinbase Premium Index, which has been negative for only seven days in the past three months [1]. Analysts and industry figures, such as Nate Geraci of NovaDius, have noted that Ethereum is increasingly being viewed as the “backbone of future financial markets” by traditional investors [1]. The Taker Buyer Sell Ratio has now turned positive at 1.005, indicating that buyers are currently in control [1].

Looking ahead, continued accumulation could push ETH toward key resistance levels of $4,501 and $4,788. However, a potential long squeeze driven by leverage could see prices pull back toward $3,980, which has been identified as a key reversal area [1].

Source:

[1] Ethereum (ETH) Price: Record $1 Billion ETF Inflows Push Value Up 45% in 30 Days (https://blockonomi.com/ethereum-eth-price-record-1-billion-etf-inflows-push-value-up-45-in-30-days/)