Strong Inflows into Ethereum ETF: Is the Trend of Breaking through $2000 Coming Soon?
Recently, the demand for Ethereum spot ETFs has surged significantly, attracting a net inflow of $104 million in the past 24 hours, bringing total assets to $6.14 billion.
This has pushed the net asset value of ETH ETFs to an impressive $6.14 billion, with a net asset ratio of 2.83%. Such growth reflects the increasing interest of institutional investors.
The historical cumulative inflow has now climbed to $2.4 billion, indicating strong interest from institutional investors. If this momentum continues, Ethereum is likely to retest the $2000 level.
However, any strategic profit-taking by sellers could trigger a downward trend, potentially pulling ETH back to the support range of $1730.
