Ethereum Holds Steady at $2,760 as ETF Inflows Fuel Price Movement

Ethereum's price held steady at $2,760 as it continued to trade above the $2,700 mark on Tuesday.

The token had gained 14% over the past seven days, driven by a pullback in energy prices and a decline in US 10-year Treasury yields.

US spot Ethereum exchange-traded funds (ETFs) attracted approximately $270 million in new capital on Tuesday, their strongest single-day inflow since October.

This influx of capital into ETFs contributed to net inflows totaling around $413.8 million over the past two sessions, countering outflows recorded over the prior three days.

Large holders have been active alongside the price move, with an OTC address identified as 0x8c58 purchasing 4,500 ETH and lifting its balance to 37,000 ETH.