Big investors have added over 800K ETH since April, showing strong confidence in Ethereum and growing interest from large funds.
Ethereum’s network is busier than ever with over 2 million daily transactions, proving it’s being used more than at any time before.
As more money flowed into ETH ETFs, the price jumped from $1,500 to $2,400, showing a clear link between demand and price growth.
Ethereum is witnessing a renewed wave of institutional interest and on-chain activity, suggesting a shift in market sentiment. For the seventh consecutive week, spot ETH ETFs recorded positive net flows, totaling 106,000 ETH last week. According to Glassnode data, institutional accumulation accelerates. This inflow momentum follows a reversal from March to April, where early ETF flows showed heavy outflows, especially around March 10, with nearly 100,000 ETH exiting in a single week.
Source: Lucky
Besides the outflows totaling around 400,000 ETH during March, prices also slumped from $2,100 to a low of $1,500. However, things changed sharply by late April. ETF inflows began increasing and reached their highest point during the week of June 9. That week alone saw nearly 200,000 ETH pour into spot ETFs. Consequently, Ethereum prices surged alongside, rising to almost $2,400 by mid-June.
Institutional Demand Rebounds Strongly
The transition from bearish to bullish ETF flows highlights a change in institutional asset allocation. Net positive inflows have exceeded 800,000 ETH since April. Furthermore, June 23 recorded an additional robust inflow of around 100,000 ETH after a short break on June 16. Therefore, the continuous accumulation trend stays unbroken indicating sustained commitment from longer-term investors.
This volatile yet bullish trend underlines the strong link between ETF flows and market valuation. Ethereum's resilience in drawing capital even during corrections reflects the growing conviction among large players.
On-Chain Metrics Reflect Explosive Network Growth
Additionally, Ethereum's daily transactions have now exceeded 2 million as per analyst Crypto Rover's post, setting new records. Since 2016, Ethereum has seen a steady increase in network activity, with notable spikes in 2017 and 2021. However, the recent surge surpasses all historical highs.
Source: Crypto Rover
The 2024 uptick had the strongest rise in usage since the DeFi boom of 2020. Network congestion and elevated gas fees further shows intense demand. Moreover, consistent activity above 1 million daily transactions throughout bear markets highlights Ethereum’s utility dominance.
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