Ethereum Surges 20%, Attracts $104 Million in Spot ETF Inflows

Ethereum has surged over 20% after holding key support near $1,580, attracting significant spot ETF inflows of $104 million over three weeks.

The price increase has also caught the attention of BitMEX co-founder Arthur Hayes, who strategically bought 1,290 ETH worth $2.5 million, signaling confidence in the asset's future despite current resistance levels.

Technical analysts forecast long-term price targets between $10,000 and $20,000 for Ethereum, with immediate resistance at $1,945 and $2,145.