Ethereum Attracts Nearly $300 Million: Strong Signals From Institutional Investors
Ethereum (ETH) is back in the spotlight among global institutional investors, after recording nearly $300 million in inflows in just one week, the highest level since the 2020 US Presidential Election. The move cements ETH’s position as one of the top strategic assets in digital asset portfolios.
Steady Flows, Reinforced Confidence
According to data from blockchain analytics firm Glassnode and a recent report from CoinShares, Ethereum-based spot ETFs recorded their fourth consecutive week of net inflows, with a total of 97,800 ETH added equivalent to $296.4 million.
The total amount of ETH currently held in spot ETFs has reached 3.77 million ETH, just 41,000 ETH below its peak in February. This is a clear sign that large financial institutions are gradually returning to Ethereum, especially as the market stabilizes after recent volatility.
“This is Ethereum’s strongest positive inflow streak since the US election, reflecting a significant recovery in institutional investor sentiment,” CoinShares’ report noted.
Ethereum Outperforms Amid Slowing Overall Flows
While total inflows into digital asset investment products reached $224 million last week (bringing the total inflows over the past 7 weeks to $11 billion), Ethereum led the way, attracting the majority of inflows, accounting for 10.5% of total crypto investment assets.
This comes as investors await clearer signals from the US Federal Reserve (Fed) regarding inflation and interest rate policy, slowing down the pace of investment in the crypto market in general.
ETH Price Stabilizes, Preparing for a New Breakout
Technically, Ethereum is currently fluctuating in a narrow price range trading from an intraday low of $2,470 to $2,550 earlier this week. According to analysts, the next important resistance level is at $2,840. Breaking this level could trigger a new rally, giving ETH momentum to move to higher price levels in the coming time.
“Ethereum is almost perfectly reproducing the price pattern of the 2020–2021 period. A breakout is only a matter of time,” shared technical analyst @CryptoBatman.
Why This Is a Milestone
The steady inflow of capital and growing interest from financial institutions not only reaffirms Ethereum’s core position in the blockchain space, but also shows that ETH is increasingly being viewed as a store of value and part of a long-term investment strategy.
Amid growing interest in decentralized finance (DeFi) applications, staking, and smart contract platforms, Ethereum is becoming the fulcrum of the entire crypto ecosystem not just as a technology, but as a serious investment.