Ethereum appears to be gaining momentum again, supported by growing institutional interest and a potential shift in market sentiment. 

At press time, Ethereum eth1.31%Ethereum is trading at $2,634, up 1.2% in the past 24 hours. This comes after a minor pullback from its local high of $2,771 set on May 29, which saw ETH drop to $2,482 before recovering. Notably, ETH is still up 44% over the past 30 days, making a solid comeback after a 45% drop in Q1 2025. 

That trend was echoed across the broader ETF market. Ethereum-based funds recorded $109 million in inflows on the same day, according to SoSoValue data. The shift may be linked to growing interest in Ethereum’s yield potential. As U.S. regulators inch closer to approving staking-based products, ETH’s income-generating properties are becoming more attractive to large investors.