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Ethereum (ETH) on Fire: ETFs Hit Record Inflows and Supply Dives—Bull Run Ahead? - Crypto Economy
TL;DR
Ethereum is back in the crypto spotlight after a week marked by two powerful signals: increasing institutional demand through ETFs and a significant drop in available exchange supply. ETH is currently priced at $2,621.68, with a 4.28% gain in just 24 hours, reinforcing the bullish narrative that has been gaining momentum
The latest data from CoinShares shows that Ethereum-based exchange-traded products received $321 million in fresh investments, outpacing Bitcoin, which recorded $8 million in outflows. This is the strongest weekly inflow since December 2024 and signals a clear improvement in investor sentiment. Over the past 30 days, ETH has added more than 36% to its value, bouncing back sharply from recent lows. Institutional confidence appears to be returning with greater conviction and consistency.
Massive ETF Inflows Boost Ethereum Optimism
Renewed interest from institutions and funds is also reflected in the market’s technical behavior. ETH broke through key resistance around $2,550, reaching a recent high of $2,650 before stabilizing near $2,617. Trading volume surged significantly, indicating stronger buyer conviction and growing participation from larger players.
Additionally, ETH held on centralized exchanges has plummeted to levels not seen since 2017. This trend toward self-custody suggests that holders are taking long-term positions, steering away from short-term speculative trading. The shrinking liquid supply is adding upward pressure on price that may intensify if the current buying trend continues. Some analysts believe this setup mirrors the early stages of previous major rallies, further fueling positive sentiment.
ETH Builds Support and Gears Up For Next Move
The current price structure shows a healthy consolidation between $2,610 and $2,615, which could set the stage for a new bullish leg if volume stays elevated. ETF inflows combined with reduced exchange supply are generating strong tailwinds that the market is beginning to absorb with growing enthusiasm.
While Bitcoin struggles with seasonal weakness in June, Ethereum seems to be capitalizing on the moment to pull ahead. With strong fundamentals, an increasingly efficient ecosystem, and clear signs of institutional accumulation, ETH appears to be laying the groundwork for a much larger move in the coming months.