Ethereum (ETH) maintains a solid position above $2,600, driven by significant institutional demand through spot ETH exchange-traded funds (ETFs) and reduced supply on centralized exchanges. These factors signal strong investor confidence in Ethereum’s long-term value trajectory.
Spot ETH ETFs See Largest Inflows of 2025
Last week, Ether-linked investment products attracted $321 million, marking the largest weekly inflow of the year. This influx has been a key catalyst behind ETH’s bullish momentum.
Large institutional inflows reflect renewed confidence in Ethereum’s role as a core digital asset.
This milestone comes as investors shift attention to Ethereum’s improving fundamentals, such as the continued adoption of Layer 2 networks and ETH’s deflationary trend under the EIP-1559 mechanism.
ETH Price Rally and Exchange Supply Drop
Ethereum rallied from $2,478 to a peak of $2,650, before consolidating around the $2,617 level, indicating sustained bullish control even after a slight retracement.
Exchange balances of ETH are now at 7-year lows, highlighting accumulation by long-term holders and reduced sell-side pressure.
This decline in available supply on centralized platforms often precedes upward price trends, as circulating liquidity tightens and investor sentiment strengthens.
Technical Analysis Overview
Key technical levels are currently reinforcing Ethereum’s bullish setup:
- ETH posted a 24-hour range of $172.87, a 6.97% fluctuation, underlining strong volatility.
- Resistance at $2,550 was decisively broken with 288,000 ETH in trading volume, suggesting solid conviction among buyers.
- Support has formed between $2,610 and $2,615, with bulls actively defending the $2,600 psychological level.
- A volume spike at 07:58 coincided with a temporary dip to $2,609, which was quickly absorbed by buyers.
- Price structure is holding higher lows, reinforcing the continuation of an uptrend.
ETH remains one of the week’s best-performing assets, holding strong gains despite broader market consolidation.
Outlook: Institutional Momentum and Supply Crunch
With institutional interest on the rise and exchange balances declining, ETH is well-positioned to continue its bullish momentum in the near term. Analysts suggest that holding above $2,600 could open the door to retesting the $2,700–$2,800 range.
The combination of strong ETF inflows and reduced exchange supply is a bullish signal, suggesting Ethereum could lead the next leg of the crypto market rally.
