Ethereum Price Supported by Nine-Day ETF Inflow Streak
Ethereum's price has hovered near $2,500 due to nine consecutive days of ETF inflows.
This institutional demand has offset short-term profit-taking and given ETH a floor despite its recent pullback.
The nine-day inflow streak for Ethereum ETFs is the clearest explanation for why ETH has stayed close to the $2,500 mark.
While spot Bitcoin ETFs saw outflows on August 28, spot Ethereum ETFs pulled in $102 million that day.