Ether (ETH) traded at $3,310, up 11% year-to-date, as renewed ETF buying and record onchain activity placed it on a path toward $4,500 over the next few weeks.
Key takeaways:
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Spot Ethereum ETFs recorded $474.6 million in inflows over four days, outpacing new supply amid a surge in institutional buying.
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Ethereum network activity exploded, with active addresses rising to a 28-month high.
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Traders expect ETH to rally to $4,500 as long as key support levels hold.
Ethereum ETFs attract nearly $500 million
Ether has seen a sharp increase in demand from institutional investors that have recently increased their ETH exposure through spot Ethereum exchange-traded funds (ETFs).
Data from Farside Investors reveals that US-based spot Ethereum ETFs have recorded inflows over four straight days, totaling $474.6 million.
Related: Ether’s price vs. fundamentals gap may signal 2026 opportunity
The $175.1 million recorded on Wednesday was the highest since Dec. 9, 2025, and marked the largest single-day inflows of 2026.
Spot Ethereum ETF flows table. Source: Farside InvestorsDaily institutional buying, including both DATs and ETFs, has also risen to net buying of 6,964 ETH per day, according to data from Capriole Investments.
Ethereum: Daily rate of institutional buying. Source: Capriole InvestmentsAlthough monthly and weekly volumes continue to decline for Ethereum treasury companies, there are a few active players, such as Bitmine, led by Wall Street strategist Tom Lee, which continue to add ETH.
While inflows have grabbed attention this week, a return to steady institutional demand is necessary for a sustained ETH price recovery.
Ethereum’s network activity is “exploding”
Ethereum’s network activity continues to show strength, with active addresses increasing by 53% over the last 30 days, reaching a 28-month high of 995,779 on Thursday, according to Nansen data.
Daily active addresses on Ethereum. Source: NansenThe last time Ethereum’s daily activity addresses saw these levels was on Sept. 13, 2023, when the metric surged to about 1.09 million — the second-highest level in the network’s history, only behind a peak of around 1.4 million in December 2022.
The daily transaction count has also reached a record high of 2.9 million on Friday, according to data from DefiLlama.
Ethereum DEX volume and App fees. Source: DefiLlama“Daily Ethereum transactions are exploding,” said YouTuber CryptoRover in an X post on Friday, reacting to the network’s milestone.
“Ethereum smashed a new ATH with 2.6M daily transactions and gas fees are below $0.01!!!,” fellow analyst FenoXBT said, adding:
Analysts say Ether’s price is “going higher”
At the time of writing, ETH was trading at $3,300, up 7.3% over the last seven days.
As Cointelegraph reported, holding above the $3,050-3,170 demand zone is crucial to ETH’s upside prospects and sets the stage for a possible rally above $4,000.
The 50-week exponential moving average sits within this zone, and a weekly close above this trendline was necessary to secure the bullish weekly structure, according to trader Coinvo Trading.
Source: Coinvo TradingAccording to Crypto Rover, ETH is ready to explode as it shows strength after breaking out of a symmetrical triangle. The target of this triangle pattern on the daily chart is $4,500, according to data from TradingView.
However, Crypto Rover shared a chart suggesting an extended rally to $5,500, based on Fibonacci retracement analysis, as shown below.
ETH/USD daily chart. Source: Crypto RoverThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Source: https://cointelegraph.com/news/ethereum-etf-buying-outpaces-new-supply-eth-price-4-5k?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
