Ethereum Nears $2,500 as Institutional Demand Surges

Ethereum's price is nearing $2,500 as institutional demand for US spot Ethereum ETFs continues to grow. Data shows that roughly $218 million in net ETF additions have been made over several sessions, reinforcing the idea that institutions are using regulated products to gain exposure to ETH.

The multi-day inflow sequence has pushed total net assets across the Ethereum ETF ecosystem above $15 billion, providing a deeper liquidity base than in previous cycles. However, ETH still faces technical hurdles and needs to break above the $2,546-$2,550 resistance zone for a stronger bullish trend to be confirmed.

DigiTap, another cryptocurrency, is also gaining attention with its presale price at $0.0583 and over 350 million TAP sold in Round 4 of a 10-round presale. The project has raised more than $11.37 million USDT and offers free wallet and virtual card tiers before public trading.