Ethereum News Today: Ethereum Surpasses $4,300 as ETF Inflows and Trading Volumes Hit Records

Ethereum continues to dominate the cryptocurrency market as trading volumes and institutional inflows reach record levels. In July, the Chicago Mercantile Exchange (CME) reported Ethereum futures trading volumes of $118 billion—up 82% from the previous month. CoinGlass data also showed a 75% surge in open interest, rising from $2.97 billion in June to $5.21 billion [1]. This increase in activity has been instrumental in pushing Ethereum’s price above $4,300 over the weekend [2].

The global Ethereum futures trading volume hit $2.12 trillion in July, a 38% increase from the previous month and a 13% rise over the previous high of $1.87 trillion in May 2021. By August 9, open interest neared $36.3 billion, highlighting growing investor enthusiasm [3]. Despite reaching these levels, funding rates have not reached the extreme levels seen in December 2024, suggesting that the market is not being driven by excessive leverage [4].

Ethereum’s price has seen a notable increase, reaching over $4,300 on a Saturday, a level not seen since December 2021. While the price dipped slightly by Monday, it remained at $4,350, still only 14% below the all-time high of $4,878 in November 2021 [5]. Over the past 30 days, Ethereum has surged by 45.5%, and over the past week by 18.64% [6].

Institutional investors have played a key role in this upward trend. U.S. spot Ethereum ETFs recorded a net inflow of $5.39 billion in July, with year-to-date inflows reaching $8.2 billion. BlackRock’s Ethereum Spot ETF alone attracted $640 million in net inflows on August 5, marking the largest single-day inflow for an Ethereum ETF [7]. Additionally, Ethereum ETPs saw $268 million in inflows during the same week [8].

Retail and institutional optimism has also driven Ethereum’s price higher. On August 2, Ethereum reached $4,230, with a 24-hour trading volume of $48.95 billion [9]. By August 10, it rose past $4,200 for the first time since December 2024 [10]. The broader market trend has also favored Ethereum, as Bitcoin’s dominance has been declining since late 2022 [11].

As of August 7, Ethereum accounted for 14% of the total cryptocurrency market cap, with a 24-hour trading volume of $47.081 billion [12]. However, concerns remain regarding the asset’s volatility, as it gained 45% in a single month. High leverage ratios have raised questions about the sustainability of this growth [13].

At 3:15 p.m. Eastern time on August 11, Ethereum was trading at $4,250, with a 24-hour trading volume of $32.21 billion and a market capitalization of $510.70 billion [14]. The strong chain metrics and investment inflows suggest Ethereum is well-positioned for further gains, provided market conditions remain stable.

Source: [1] Ethereum News Today: Ethereum Surges Past $4300 Amid ... (https://www.ainvest.com/news/ethereum-news-today-ethereum-surges-4-300-strong-etf-inflows-bullish-chain-metrics-2508/)

[2] Ethereum's price has risen above $4300 and may overtake ... (https://www.mitrade.com/insights/news/live-news/article-3-1027604-20250811)

[3] Ethereum's price prediction: ETFs recorded $1.01 billion in record inflows while ETH gained 45% monthly, though high leverage ratios pose volatility risks. (https://coincentral.com/ethereum-eth-price-prediction-institutions-pour-1-billion-into-etfs-as-token-eyes-all-time-highs/)

[4] Ethereum passes $4300, making nearly all ... (https://sherwood.news/crypto/ethereum-passes-usd4-300-making-nearly-all-ethereum-addresses-profitable/)

[5] Will $4300 Resistance Cap the Next Leg Up? (https://news.bitcoin.com/ethereum-price-watch-will-4300-resistance-cap-the-next-leg-up/)

[6] ETH Breaks $4.2K, Whales Remain Bullish and Call 'Higher' (https://www.xt.com/en/blog/post/eth-breaks-4-2k-whales-remain-bullish-and-call-higher)

[7] BlackRock Ethereum Spot ETF Records Historic Net Inflow ... (https://bloomingbit.io/en/feed/news/94671)

[8] Ethereum ETPs Lead $572M Inflows as US Policy Shift ... (https://coinedition.com/ethereum-etps-lead-572m-inflows-as-us-policy-shift-boosts-crypto-sentiment/)

[9] Ethereum Price, ETH Price, Live Charts, and Marketcap (https://www.coinbase.com/price/ethereum)