Ethereum Soars Near $2,500 as Institutional Interest Surges

Ethereum's price has been on a tear, rising 30% in just one week to test the key $2,500 level. This surge comes after months of pent-up demand, and institutional interest is playing a significant role.

ETF inflows have risen to $824 million weekly, pushing total ETF assets to $15.23 billion. This influx of capital has helped Ethereum reclaim its realized price after 108 days, reducing the pressure on holders to sell.

If ETH can sustain above $2,500, it could continue its upward trend. However, a drop below $2,426 might signal bearish pressure.