Ethereum Climbs as Spot ETF Inflows Continue for 15 Days, Traders Eye $2,540 Mark

Ethereum Climbs as Spot ETF Inflows Continue for 15 Days

Ethereum’s price has risen 1.28% over the last 24 hours, now trading at $2,538.25. This comes after the latest data from CoinShares revealed weekly inflows of $295 million into the asset, which surpasses all other digital commodities.

Key Points to Note:

Current Price: ETH is priced at $2,544.65.
Investments: The inflow has increased Ethereum’s total assets under management to $14.09 billion.
Technical Analysis: After previously consolidating near $2,500, ETH has returned to test the $2,540 resistance zone.

This sustained recovery could indicate heightened confidence among institutional investors, as they continue to support a streak of 15 days of net inflows into spot ETFs. Continued upswing in decentralized finance (DeFi) and staking activities may help Ethereum cement gains above the critical $2,540 resistance.