Ethereum (ETH) is experiencing an unprecedented rise in investment inflows and transaction volumes, with a 1,652% spike in ETF inflows. This has led to the potential for new yearly highs and an extended bullish trend. Ethereum’s growing relevance in decentralized finance (DeFi) strengthens its position as a top crypto asset, alongside Bitcoin and Solana.
Recent data from CoinShares shows $1.98 billion inflow into cryptocurrency-based investment products, with Ethereum leading the charge. A rally of this magnitude reflects a bullish breakout for ETH as it tests critical resistance levels, with investor optimism suggesting potential gains in the near future.
Ethereum’s consolidation above $3,300 could provide the stability needed to prepare for its next breakout, with support at the crucial $2,950 level aligning with the 200-day moving average (MA). If Ethereum can sustain support above these key technical levels, it may soon experience another rally, positioning it for possible new all-time highs alongside broader market optimism.
