Ethereum is gaining serious momentum, currently trading around $2,700, with over $321 million in institutional inflows last week alone—the highest in more than six months, according to CoinShares. This sharp rise follows increasing anticipation around spot ETH ETFs and broader investor confidence in Ethereum’s long-term utility. On-chain data also shows a consistent drop in exchange-held ETH, hinting at growing accumulation. While the crypto market remains volatile, ETH’s fundamentals—strong DeFi use, NFT ecosystem recovery, and upcoming scaling upgrades—are aligning for a potential breakout. Institutional interest isn’t just hype; it’s now backed by numbers. For those watching the charts closely, Ethereum’s current setup could be a key turning point.
