$ETH Capital flows from Ethereum ETF funds surge: This week, Ethereum ETF funds in the US recorded a net inflow of $157.1 million, marking the first week of positive capital flow since February. Notably, Fidelity and BlackRock attracted $35.9 million and $54.4 million, respectively, reflecting increasing interest from institutional investors. 

• Positive market sentiment: President Trump's easing of his stance on tariffs with China and the appointment of Paul Atkins – who has a pro-crypto viewpoint – as Chairman of the SEC has created expectations for a more favorable regulatory environment for the cryptocurrency market. 

• Complex trading activity: Some large traders have executed large-scale short-selling orders on ETH, despite high liquidation risks, indicating a divergence in market expectations.