Ethereum Surges as Institutional ETF Inflows Hit Record Highs
📈 Institutional Demand Ignites Rally
Ethereum is gaining major momentum, thanks to strong interest from big players. On July 10, U.S. spot Ethereum ETFs pulled in a massive $383.1 million in net inflows—the highest single-day figure to date. Leading the charge was BlackRock's ETHA, bringing in a staggering $300.9 million in just 24 hours.
🏦 Big Money is Pouring In
The surge in institutional investment is pushing ETH prices higher, with a +7% move that broke key resistance levels. This marks the 11th consecutive week of inflows into Ethereum-focused ETFs, showing a clear and growing appetite among major investors.
🔗 Ethereum Network Fundamentals Stay Strong
Roughly 30% of ETH supply is now staked, reducing the amount available for trading—which supports higher prices during demand spikes. Meanwhile, futures interest is surging, with over $3.2 billion in open positions on the CME, the highest since February.
📊 What Traders Should Watch
While short-term indicators suggest ETH might be slightly overbought, a brief correction or sideways action could occur. However, the bigger picture remains bullish, with many eyeing $5,000 as the next major target.
💡 Smart Moves Going Forward
Look out for minor dips as buying opportunities. Tracking ETF inflow data and institutional behavior will be key to spotting the next major breakout.
Bottom Line:
Ethereum's latest rally is built on solid institutional backing and strong fundamentals. The big money is here—and they’re just getting started.
