Ethereum Stands Firm Above $1,900 Amid Record-Breaking ETF Inflows
Ethereum's price has remained above $1,900 this week, thanks to growing bullish interest in the token. According to data from SoSoValue, spot ETH ETFs pulled in a record-breaking $244.94 million in net inflows over the past week.
This influx of money pushed cumulative net inflows for ETH ETFs to $11.46 billion and total value traded during the week reached $2.38 billion. The options market also indicates a bullish tilt, with call volume surpassing put volume by a wide margin.
Analysts are now eyeing the next resistance level at $2,000, which coincides with a key chart support zone. However, if Ethereum loses the $1,900 mark, it could open the door to lower support zones between $1,700 and $1,500.
The Grayscale Ethereum Staking Mini ETF has also filed an amended trust structure that would allow nearly all of its ether holdings to be staked. This change is significant as it marks a shift in how institutions access staking yield through regulated products.