Ethereum Holds Firm Above $2,530 as ETF Inflows Outpace Broader Market
Ethereum (ETH) maintained upward momentum on Monday, trading near $2,538.25 after a modest 1.28% daily gain, as institutional appetite for the asset continued to build. The move came as Ethereum registered the highest weekly inflows among all digital assets, according to the latest CoinShares report.
With $295 million in net inflows last week and $296 million for June so far, Ethereum’s total assets under management (AUM) rose to $14.09 billion, reaffirming its position as the leading altcoin in institutional portfolios.
ETF Inflows Build Market Confidence
Ethereum spot ETFs have now recorded 15 consecutive days of net inflows, per SoSoValue, a streak that has reinforced bullish sentiment and underpinned ETH’s recent price stability amid broader macro uncertainty.
Key Technical Levels and Market Action:
- Range Bound: ETH traded within a $57 range, from $2,482.99 to $2,540.10, with resistance forming near the upper bound.
- Support Structure: Strong buy-side interest around $2,483–$2,485, with repeated defenses of those levels throughout the session.
- Breakout Signal: A sharp price spike occurred at 08:02 UTC, with over 8,300 ETH traded in minutes, marking the day’s key bullish inflection point.
- Volume Surge: Total trading volume reached 253,612 ETH, suggesting rising participation even in a narrow trading band.
ETH remains technically constructive, with short-term momentum likely to accelerate if price breaks above the $2,540 threshold. Continued ETF inflows and a relatively strong macro backdrop could support a move toward $2,580–$2,600 later this week.
