Ethereum (ETH) is showing signs of renewed strength as spot ETF inflows hit a 15-day streak, with price action now targeting the critical $2,540 resistance level.
Institutional Confidence Returns with $295M Inflows
Over the past week, ETH investment products recorded $295 million in inflows, the highest among all digital assets tracked. According to the latest data, this boosts Ethereum’s total assets under management (AUM) to $14.09 billion and brings its month-to-date net inflows to $296 million.
This marks the longest uninterrupted streak of net ETH inflows since late 2023, signaling a strong vote of confidence from institutional investors.
ETH Price Action and Technical Landscape
ETH has gained 1.28% in the past 24 hours, climbing from a low of $2,482.99 to trade at $2,538.25. The price is now consolidating just below $2,540, a level that continues to act as key resistance.
Price structure suggests a potential bullish flag pattern, reinforced by a golden cross between the 50- and 200-day moving averages.
During the breakout attempt at 08:02, ETH surged 1.33% on a strong volume of 8,337 units, while peak trading volume hit 253,612 ETH—confirming market conviction behind the move.
Momentum Fueled by ETF Demand and DeFi Strength
The bullish momentum is not limited to price alone. Ethereum’s ecosystem continues to benefit from growing DeFi engagement and sustained staking activity, which are supporting demand for ETH beyond speculative trading.
The recent 15-day run of inflows into ETH spot ETFs reflects renewed institutional accumulation, especially as regulatory clarity improves and macroeconomic uncertainty pushes investors toward decentralized assets.
A confirmed break above $2,540 could open the path to the $2,580–$2,600 range, especially if ETF inflows maintain current pace.
Key Levels to Watch
- Resistance: $2,540 (major breakout level), followed by $2,580
- Support: $2,483–$2,485 (short-term zone), with deeper support near $2,460
- Volume spike: Breakout confirmed by high volume and formation of higher lows
Conclusion
Ethereum’s sustained ETF inflows and technical resilience suggest that momentum is building for a possible breakout. With institutional interest rising and macro tailwinds aligning, ETH could soon break decisively above $2,540—unlocking further upside potential.