Ethereum Sees Historic Momentum With Nearly $1B In Monthly Inflows

Ethereum ETH/USD is getting strong momentum from institutional investors, as investment funds based on ETH have attracted $879 million this month. According to Coinshares, Ethereum will hit an all-time high of $1 billion in monthly inflows.

Ethereum is currently trading for $2,575.09, after losing 1.89% on Tuesday. Last week, almost $600 million poured into the cryptocurrency, which is the biggest inflow in a week since earlier this year. The increasing demand came after spot Ethereum exchange-traded funds (ETFs) were approved in the U.S. in July 2024. The funds have given direct institutional exposure to ETH, increasing short-term capital inflows and strategic allocation in the long term.

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Year to date, Ethereum investment products have experienced $2 billion inflows, or 14% of the overall $14.9 billion assets under management in the crypto space. While Bitcoin BTC/USD is still leading with $11.45 billion YTD inflows, Ethereum is closing in with staking returns and increasing usage in diversified portfolios.

Ethereum whale wallets have accumulated 818,000 ETH, nearly $2.5 billion, in one day. It is the biggest one-day accumulation since 2018. Historically, the mass accumulation by early investors usually leads to significant price action.

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More Ethereum Headlines You Should Know

Trump Media & Technology Group Corp DJT has filed initial registration to introduce a new ETF under Truth Social that will invest in Bitcoin and Ethereum.

The decision is a part of Trump Media’s move into digital assets, which includes a Bitcoin-only ETF and plans for a financial services platform under the Truth.Fi brand.

The ETF's approval is uncertain, as it needs to clear a few regulatory hurdles, such as effective registration and the Security and Exchange Commission's (SEC) approval of a mandatory Form 19b-4. The decision brings mainstream political stakeholders and institutions closer to digital assets.
The SEC has postponed its decision on whether Franklin Resource Inc BEN Ethereum ETF can participate in staking.

Franklin Templeton's ETF would receive passive income in the form of staking rewards, similar to what retail ETH holders can do. The delay came as the SEC is deliberating whether the staking feature meets investor protection requirements of the Securities Exchange Act. The SEC will accept public comments for 21 days and rebuttals for 35 days.

Trading and Technicals

Ethereum has lost 3.95% in a week and is maintaining 1.91% growth over a month. On June 17, Ethereum briefly jumped to $2,613 as market sentiment improved. There was a 4.75% increase in open interest and more than $34 million in liquidated short positions, indicating a short squeeze.

Ethereum is retracing the 50% Fibonacci level of $2,699, and a breakout above it would take ETH to the next key resistance level of $2,800. Indicators like RSI and MACD are showing growing bullish momentum, and the moving average convergence indicates a potential breakout.

If ETH continues to put upward pressure and confirms the golden cross, it could reach near-term goals of $2,800 and $3,003 (61.8% Fibonacci level). The downside support is at $2,395.

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